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Mar 29, 2023 · Soaring prices, shortages of essential goods and crippling international debts sparked nationwide protests last year which caused the president to flee the country. What has been happening...
Apr 5, 2022 · What caused the economic crisis? Experts say the crisis has been years in the making, driven by a little bad luck and a lot of government mismanagement.
May 11, 2022 · By KRUTIKA PATHI and KRISHAN FRANCIS. Published 10:36 PM PDT, May 10, 2022. COLOMBO, Sri Lanka (AP) — The South Asian nation of Sri Lanka is experiencing an unprecedented economic collapse that has pushed the government into a deep crisis.
The island nation of Sri Lanka is in the midst of one of the worst economic crises it’s ever seen. It has just defaulted on its foreign debts for the first time since its independence, and the country’s 22 million people are facing crippling 12-hour power cuts , and an extreme scarcity of food, fuel and other essential items such as medicines .
The Sri Lankan economic crisis is an ongoing crisis in Sri Lanka that started in 2019. It is the country's worst economic crisis since its independence in 1948. 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.
- 21 April 2019 – ongoing, (4 years, 5 months, 3 weeks and 1 day)
- Ongoing
- Sri Lanka
Dec 13, 2022 · What Caused Sri Lanka’s Economic Crisis? Many factors contributed to Sri Lanka’s economic collapse in 2022. In 2016–2017, a drought ruined crops and weakened the farming industry.
Apr 1, 2022 · NEW DELHI, April 1 (Reuters) - Anger against Sri Lankan President Gotabaya Rajapaksa's handling of a deepening economic crisis in the island nation of 22 million people spiralled into...
