Sri Lanka Economy Caught between a Rock and a Hard Place : Yet a Stitch in Time Could Save Nine
Economic Alert
Like many countries, Sri Lanka continues to face a daunting economic landscape. The World Bank projects economic contraction of – 6.7%; the ADB -5% and the IMF – 4.6% for 2020. Even the most pessimistic of these projections is not unfavourable when compared with other countries in the region and beyond. In addition, there has been a loss in employment and an increase in poverty as in almost all countries. The successful handling of the pandemic during April - September 2020 served to contain output and employment losses.
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