Skip to content
Politics
Economics

Sri Lanka Economy Shrinks Amid Political Chaos, Inflation

  • GDP declines 1.6% in first quarter with recession seen likely
  • Nation seeking IMF bailout to secure funds to buy essentials
Updated on

Sign up for the New Economy Daily newsletter, follow us @economics and subscribe to our podcast.

Sri Lanka’s economy fell back into contraction last quarter as the country battled its worst economic problems since independence, with emergency aid to stabilize the island nation proving elusive.