HSBC Global Research has released an economic report on Sri Lanka titled “Sri Lanka: In need of a panacea”. The full report is detailed below:Even before the third COVID-19 wave ebbed, Sri Lanka found itself battling against a more infectious fourth wave. Sri Lanka has battled economic challenges for a while now (sudden change in leadership in 2018, bombings in 2019, and recurring COVID-19 waves). Recurring COVID-19 wavesEven before the third COVID-19 wave ebbed, Sri Lanka found itself battling against a more infectious fourth pandemic wave. This cUSD80bn economy has external debt of USD47bn, of which c60% is owned by the government.

Source: The Nation October 07, 2021 08:03 UTC