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Sri Lanka’s Austerity Is One of the Most Severe in History
Sri Lanka has undergone one of the sharpest and fastest episodes of austerity in history, driven by a massive retrenchment in public investment and the suppression of real wages, according to a World ... Read More
UPDATE 2-Sri Lanka economy reports 4.9% growth in second quarter
Sri Lanka's economy grew 4.9% year-on-year in the second quarter of 2025, official data showed on Monday, indicating a strengthening recovery from its worst financial crisis in decades. In the first ... Read More
S&P upgrades Sri Lanka's Credit Rating citing strong reform momentum
S&P Global Ratings has upgraded Sri Lanka's foreign currency sovereign credit rating on Sri Lanka to 'CCC+/C' from 'SD/SD' (selective default) citing improved macroeconomic stability, progress under ... Read More
Sri Lanka's central bank expects economy to grow by 4.5% in 2025
COLOMBO, Aug 15 (Reuters) - Sri Lanka's economy will grow by 4.5% this year, the central bank said in a monetary policy report on Friday, despite some risks to the island nation's recovery from U.S. Read More
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