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Inflation in cash-strapped country dips from 69.8 per cent in September 2022 to about 6.3 per cent this July Sri Lanka records single-digit inflation for the first time in two years Skip to main ...
The Sri Lankan economic crisis[ 8] is an ongoing crisis in Sri Lanka that started in 2019. [ 9] It is the country's worst economic crisis since its independence in 1948. [ 9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities ...
The mixed economy of Sri Lanka was worth $84 billion by nominal gross domestic product (GDP) in 2019 [ 32] and $296.959 billion by purchasing power parity (PPP). [ 33] The country had experienced an annual growth of 6.4 percent from 2003 to 2012, well above its regional peers.
The 2022 Sri Lankan protests, commonly known as Aragalaya ( Sinhala: අරගලය, lit. 'The Struggle'), were a series of mass protests that began in March 2022 against the government of Sri Lanka. The government was heavily criticized for mismanaging the Sri Lankan economy, which led to a subsequent economic crisis involving severe ...
Long gas lines, food shortages and sky-high inflation. Life is getting more difficult for people around the world amid the war in Ukraine and clogged supply chains. The island nation of Sri Lanka ...
The 2022 Sri Lankan political crisis was a political crisis in Sri Lanka due to the power struggle between President Gotabaya Rajapaksa and the people of Sri Lanka. It was fueled by the anti-government protests and demonstrations by the public due to the economic crisis in the country. The anti-government sentiment across various parts of Sri ...
April. 1 April – 2022 Sri Lankan protests: President Gotabaya Rajapaksa declares a State of Emergency in Sri Lanka, in effect from 1 April 2022. [60] 2 April – 2022 Sri Lankan protests: A 36-hour island-wide curfew is imposed at 6:00pm, and lasted until 6:00am on Monday, 4 April, to avoid further protests. [61] [62]
COLOMBO (Reuters) -Sri Lankan President Ranil Wickremesinghe failed on Monday to secure the backing of the biggest political party in parliament for his re-election bid, posing a major challenge ...