Economic Indicators

Sri Lanka’s economy shrinks 11.8% in Q3

2022.12.15 06:15

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© Reuters. FILE PHOTO: Villagers travel in a tractor on a newly built road in Hambantota, Sri Lanka March 24, 2019. REUTERS/Dinuka Liyanawatte

COLOMBO (Reuters) – Sri Lanka’s economy shrank 11.8% in the July-September quarter from a year ago, official data showed on Thursday, as the country struggled with deep political unrest sparked by the most severe financial crisis in more than seven decades.

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