Trade deficit contracts in first 11 months of 2019
Sri Lanka, Jan. 20 -- Reports state that during the first eleven months of 2019, the trade deficit contracted compared to the corresponding period in 2018.
This was as a result of the significant decline in expenditure on imports along with a marginal increase in earnings from exports.
Although tourist arrivals decreased on a year-on-year basis in November 2019, a continued recovery is seen in the tourism industry.
Workers' remittances declined (year-on-year) in November 2019 and have recorded a cumulative decline during the first eleven months of 2019.
Published by HT Digital Content Services with permission from Hiru News....
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