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Island nation's economy goes from bad to worse

Island nation's economy goes from bad to worse
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What's happening in Sri Lanka and how did the economic crisis start? - Jammu Kashmir Latest News | Tourism

Mumbai, Apr 14: The island nation of Sri Lanka is in the midst of one of the worst economic crises it’s ever seen. It has just defaulted on its foreign debts for the first time since its independence, and the country’s 22 million people are facing crippling 12-hour power cuts, and an extreme scarcity of food, fuel and other essential items such as medicines. Inflation is at an all-time high of 17.5%, with prices of food items such as a kilogram […]

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What's happening in Sri Lanka and how did the economic crisis start?

Sri Lanka is facing one of its worst ever economic crises. There are a host of reasons, but China is not to blame.

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