scorecardresearchBankrupt Sri Lanka economy shrinks 1.6% in first quarter

Bankrupt Sri Lanka economy shrinks 1.6% in first quarter

Updated: 29 Jun 2022, 01:37 PM IST
TL;DR.
  • The island nation's painful downturn has seen months of lengthy blackouts, runaway inflation and severe shortages of vital consumer goods.
People wait in a queue after receiving tokens to buy petrol due to fuel shortage, amid the country's economic crisis, in Colombo, Sri Lanka, June 27, 2022. REUTERS/Dinuka Liyanawatte

People wait in a queue after receiving tokens to buy petrol due to fuel shortage, amid the country's economic crisis, in Colombo, Sri Lanka, June 27, 2022. REUTERS/Dinuka Liyanawatte