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Crisis-hit Sri Lanka's economy shrinks 1.6% in the March quarter

The contraction likely marks the beginning of a painful and long recession for the country

Topics
sri lanka | Economic Crisis | Asian economy

Bloomberg 



Ranil Wickremesinghe, Sri Lanka PM
Ranil Wickremesinghe, Sri Lanka Prime Minister

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

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First Published: Wed, June 29 2022. 01:31 IST

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