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Economic Indicators

Sri Lanka industry says 2022 exports could tumble 20%-30% on economic crisis

04/08/2022

Less than a minute

2022.04.08 08:56

Sri Lanka industry says 2022 exports could tumble 20%-30% on economic crisis
FILE PHOTO: A dock worker rides his bicycle past shipping containers at the main Sri Lankan port in Colombo June 19, 2013. REUTERS/Dinuka Liyanawatte

COLOMBO (Reuters) – Sri Lankan leaders from garments, tea and other industries said on Friday the country’s goods and services exports could plunge 20% to 30% this year due to high freight charges and power cuts, potentially worsening an economic crisis.

Various industry associations addressed a news conference to urge the government to quickly seek financial help from the International Monetary Fund.

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04/08/2022

Less than a minute