The government has projected growth of around 4 per cent for the next fiscal year, while aiming to keep inflation under control and continue fiscal consolidation.
Sri Lanka continues to grapple with the legacies of structural poverty even as the nation navigates a fragile economic recovery from the devastating 2022 crisis.
If Sri Lanka is to prevent a permanent underclass from forming in the wake of the 2022 crisis, economists argue that the focus must shift aggressively from mere stabilization to equitable growth.
While buffers exist, the interplay of El Niño with other climatic factors underscores the growing importance of climate adaptation in India’s agriculture-dependent economy.
Traders sometimes amplify global shocks for higher margins, but the core drivers are structural: import dependence, thin domestic buffers, and exposure to volatile geopolitics
This warning comes more than a decade of heedless spending for ‘stimulus’ advocated by macro-economists themselves.
The warning also comes amid growing concern that the post-pandemic stimulus era may be giving way to a more constrained fiscal environment worldwide.