Economic news
Sri Lanka’s economy shrinks 11.5% in Q1
2023.06.15 06:56
© Reuters. FILE PHOTO: A worker carries sacks of vegetables at a wholesale market, as Sri Lanka’s key inflation rate eases to 25.2% in May, in Colombo, Sri Lanka June 1, 2023. REUTERS/Dinuka Liyanawatte/File Photo
COLOMBO (Reuters) – Sri Lanka’s economy shrank 11.5% in the first three months of 2023 from the previous year, government data showed on Thursday.
The country is experiencing its worst financial crisis in decades.
