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Sri Lankan economy projected to contract by 4.3 pct: World Bank

april 05, 2023by Reacties uitgeschakeld voor Sri Lankan economy projected to contract by 4.3 pct: World Bank

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COLOMBO, April 5 (Xinhua) — Sri Lankan economy is projected to contract by 4.3 percent in 2023 as demand continues to be subdued, job and income losses intensify, and supply-side constraints adversely affect production, the World Bank announced on Tuesday.

Sri Lanka’s heightened fiscal, external, and financial imbalances and its fluid political situation pose significant uncertainty for the country’s economic o

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