Sri Lanka, June 5 -- By Shiran Fernando
Chief Economic Policy Advisor at The Ceylon Chamber of Commerce
Sri Lanka has weathered a relentless succession of economic shocks in recent years. The turmoil began with the constitutional crisis in 2018, followed by the tragic Easter Sunday attacks in 2019. As the country began charting a path to recovery, the COVID-19 pandemic in 2020 dealt a severe blow, compounding existing vulnerabilities and ultimately contributing to a sovereign debt crisis driven by both external shocks and domestic policy missteps. The years 2023 and 2024 were marked by difficult but determined efforts toward stabilisation and recovery, laying the groundwork for a potential economic resurgence in 2025. With economic growth...