December 24, 2024

Sri Lanka’s Economy Shrinks 8.4% Amid Fertiliser, Fuel Shortages

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Sri Lanka’s Economy Shrinks 8.4% Amid Fertiliser, Fuel Shortages

 

Sri Lanka’s economy shrank 8.4% in the quarter through June from a year ago in one of the steepest declines seen in a three-month period, amid fertiliser and fuel shortages during the nation’s most severe financial crisis in more than seven decades.