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Sri Lanka faced a severe economic crisis starting in 2019, worsened by the COVID-19 pandemic, leading to significant GDP contraction, high inflation, and increased poverty rates by 2023. The government implemented measures including debt restructuring and IMF engagement to stabilize the economy, which began to show signs of recovery in late 2023. Recommendations for further recovery include targeted social safety nets, policy adjustments to stimulate growth, and promotion of innovative agricultural practice

Author

trimnpro

Language

EN