What is the current state of the Sri Lankan economy which has been facing headwinds since the Covid-19 outbreak?

Roots of the crisis lie in economic mismanagement by successive governments in Colombo. But the current crisis was accelerated by deep tax cuts promised by Prime Minister Mahindra Rajapaksa during a 2019 election campaign that were enacted months before the pandemic. With the country’s lucrative tourism industry and foreign workers’ remittances sapped by the pandemic, … Read more