Economic contraction

For the first time in over 10 years, ECB hikes interest rate to tackle soaring inflationFor the first time in over 10 years, ECB hikes interest rate to tackle soaring inflation

For the first time in over 10 years, ECB hikes interest rate to tackle soaring inflation

<p> <strong>Amid soaring inflation in the Euro area, the European Central Bank (ECB) raised interest rates. This is the first…

3 years ago
Sri Lanka’s economy to contract more than 6% as political turmoil takes its tollSri Lanka’s economy to contract more than 6% as political turmoil takes its toll

Sri Lanka’s economy to contract more than 6% as political turmoil takes its toll

<p> <strong>Sri Lanka’s central bank has warned that the bankrupt country’s economy could contract by more than 6 per cent…

3 years ago
Ahead of the G20 meet, IMF chief warns of a tough 2022 and a tougher 2023Ahead of the G20 meet, IMF chief warns of a tough 2022 and a tougher 2023

Ahead of the G20 meet, IMF chief warns of a tough 2022 and a tougher 2023

<p> <strong>Just ahead of the much-awaited meeting of G20 ministers and central bank governors amid worsening economic situation driven by…

3 years ago
Sri Lanka is not alone, several other countries are facing an economic meltdownSri Lanka is not alone, several other countries are facing an economic meltdown

Sri Lanka is not alone, several other countries are facing an economic meltdown

<p> <strong>Sri Lanka’s economic crisis triggered by a debt default and acute shortage of food and fuel leading to violence…

3 years ago
Is Sri Lanka’s economy sinking as growth contracts 1.5% in the third quarter?Is Sri Lanka’s economy sinking as growth contracts 1.5% in the third quarter?

Is Sri Lanka’s economy sinking as growth contracts 1.5% in the third quarter?

<p> <strong>Sri Lanka’s already battered economy contracted by 1.5 per cent in the third quarter this year as the country…

3 years ago
India– Sri Lanka’s 2nd largest trading partner– worried as economic crisis hits the island nationIndia– Sri Lanka’s 2nd largest trading partner– worried as economic crisis hits the island nation

India– Sri Lanka’s 2nd largest trading partner– worried as economic crisis hits the island nation

<p> Concerns have risen for Indian exporters, who have engagements with Sri Lanka, as the island country declared an economic…

4 years ago