Colombo [Sri Lanka], April 5 (ANI): Sri Lanka’s economy is estimated to contract again in 2023 before it begins a gradual recovery in 2024, as the country navigates an unprecedented economic crisis, according to Asian Development Bank (ADB).
The crisis-hit economy contracted by 7.8 per cent in 2022 and is forecast to contract by 3 per cent in 2023 as it continues to grapple with the challenge of debt restructuring and bal
Sri Lanka to see degrowth in 2023, gradual recovery expected next year: ADB
