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Thursday, June 30, 2022

The Reasons Why Sri Lanka Suffered Economic Crisis with 133% Inflation Rate

 

Sri Lanka is facing its worst economic crisis since its independence but just how did the situation get this bad. There has been economic mismanagement by successive governments which created a twin deficit which indicates its national expenditure exceeds its national income and the country does not produce enough tradable goods and services. The situation got even worse due to a range of factors.