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Analysis: A Year Later, Sri Lanka's Tentative Economic Recovery Eludes The Poor

Analysis: A Year Later, Sri Lanka's Tentative Economic Recovery Eludes The Poor
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Sri Lanka , United States , France General , Sri Lankans , Kamal Padmasiri , Ranil Wickremesinghe , Shiran Fernando , Gotabaya Rajapaksa , Rehana Thowfeek , Paris Club , World Bank , International Monetary Fund , Advocata Institute , Ceylon Chamber , European Union , Colombo Based Advocata Institute , President Gotabaya Rajapaksa , Welfare Benefits Board ,

Analysis-A year later, Sri Lanka's tentative economic recovery eludes the poor

A year after angry Sri Lankans stormed the president's residence and forced his ouster during a meltdown of the economy, the island's streets are calm, there are no serpentine queues at fuel stations and hours-long power cuts have ended. The central bank expects the economy to resume growth this quarter after six quarters of contraction - faster than expected by many economists - while overseas remittances are surging and tourist numbers are rising. "Stability is somewhat there but what it means is no extreme shortages, no fuel queues, and no 13-hour power cuts," said Rehana Thowfeek, an economist at the Colombo-based Advocata Institute think tank. ....

Sri Lanka , United States , France General , Sri Lankan , Sri Lankans , Shiran Fernando , Uditha Jayasinghe , Gotabaya Rajapaksa , Ranil Wickremesinghe , Rehana Thowfeek , Krishnan Das , Kamal Padmasiri , Advocata Institute , Ceylon Chamber , International Monetary Fund , European Union , World Bank , Paris Club , Colombo Based Advocata Institute , President Gotabaya Rajapaksa , Welfare Benefits Board ,