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VOL. 10, ISSUE 4 (2024)
Sri Lanka’s economic crisis: An assessment
Authors
Sudhanshu Dubey
Abstract
This paper provides a thorough examination and
analysis of the ongoing economic crisis in Sri Lanka. With a focus on the
nation’s intricate challenges, encompassing escalating debt, trade imbalances,
and broader economic issues, the assessment aims to illuminate the various
facets of the crisis. Beginning with a historical overview of Sri Lanka’s
economic development, the paper identifies contributing factors leading to the
current situation. It meticulously analyses macroeconomic indicators, including
inflation, unemployment, and GDP growth, offering a comprehensive understanding
of the crisis’s severity. The assessment critically evaluates external
influences, such as global economic trends and geopolitical factors,
exacerbating Sri Lanka’s economic challenges. Examining past policy measures,
the analysis identifies areas where adjustments may be necessary. Social
implications, encompassing poverty rates, income inequality, and access to
essential services, are also explored. By addressing core challenges and
proposing pragmatic solutions, this paper aims to contribute valuable
perspectives for policymakers, economists, and stakeholders involved in shaping
Sri Lanka’s economic future.
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Pages:19-24
How to cite this article:
Sudhanshu Dubey "Sri Lanka’s economic crisis: An assessment". International Journal of Commerce and Management Research, Vol 10, Issue 4, 2024, Pages 19-24
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