Economic contraction

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…

2 years ago

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…

2 years ago

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…

2 years ago

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?

<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 nation

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

3 years ago