PhoenixRising
Knowflake Posts: 2377
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Registered: May 2011
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posted April 16, 2022 10:43 AM
  
At one time in the 50s its GDP was equal to that of South Korea . WTF happened? Covid contributed to the downfall also IMHO.
quote:
Sri Lanka is facing a deepening financial and humanitarian crisis with fears it could go bankrupt in 2022 as inflation rises to record levels, food prices rocket and its coffers run dry, The Guardian reported.The meltdown faced by the government, led by the strongman president Gotabaya Rajapaksa, is in part caused by the immediate impact of the Covid crisis and the loss of tourism but is compounded by high government spending and tax cuts eroding state revenues, vast debt repayments to ..
Read more at: http://economictimes.indiatimes.com/news/international/world-news/sri-lanka-could-go-bankrupt-this-year/articleshow/88659320.cms?utm_source=contentofinterest&utm_medium=text& utm_ca[/URL]
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