
How Sri Lanka’s Economy Collapsed
The Daily
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Economic Turmoil in Sri Lanka
This chapter examines the economic crisis in Sri Lanka caused by mismanagement and excessive debt under the Rajapaksa brothers, leading to a cycle of borrowing and unsustainable projects. The impact of COVID-19 and the Russia-Ukraine war only exacerbate the situation, resulting in critical shortages and significant inflation. As protests erupt demanding change, the political landscape remains uncertain, highlighting the challenges facing not only Sri Lanka but other developing nations as well.
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