Sri Lanka, Aug. 23 -- Why should there be great prospects for an economy, when the general circumstances are extremely bad, and there are job losses and a huge negative disruption of markets - such as what obtains now during the pandemic?

Positive economic prospects seem virtually impossible in times of a raging worldwide calamity such as the spread of Covid-19. But long term economic prospects from the current downturn in this country, look better in contrast to the economy that prevailed in 'normal times' during the last regime.

It's because most economics is about 'perception'. The US Ambassador here in Colombo Ms. Alaina Teplitz said that the election results in Sri Lanka show that as far as the previous administration is concerned,...