The Governor of the Central Bank, Dr. Nandalal Weerasinghe said on Tuesday that Sri Lanka had been hiding its bankruptcy which had actually occurred months before it was officially announced.
https://island.lk/sri-lanka-had-bee...re-it-was-officially-announced-cbsl-governor/
According to the Department of Census and Statistics, the year on year GDP growth rate for the first quarter of 2022 had been estimated as negative 1.6 percent which indicated a considerable contraction of the economy compared to the first quarter of 2021. Within the first quarter of 2022, the economic growth rate had slowed down compared to the first quarter of 2021 due to adverse effects of factors including inflation, foreign exchange devaluation and US dollar deficit in the country.
https://island.lk/sri-lanka-had-bee...re-it-was-officially-announced-cbsl-governor/
According to the Department of Census and Statistics, the year on year GDP growth rate for the first quarter of 2022 had been estimated as negative 1.6 percent which indicated a considerable contraction of the economy compared to the first quarter of 2021. Within the first quarter of 2022, the economic growth rate had slowed down compared to the first quarter of 2021 due to adverse effects of factors including inflation, foreign exchange devaluation and US dollar deficit in the country.
