10min chapter

Economics Explained cover image

How has Sri Lanka Been Going?

Economics Explained

CHAPTER

The Cost of Austerity: Sri Lanka's Economic Struggles

This chapter delves into Sri Lanka's financial crisis and its request for a $2.9 billion IMF support package, highlighting the austerity measures implemented. It contrasts these measures with examples from the US and Portugal, discussing the resultant social impacts and alternative strategies for economic recovery.

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