Lessons to Learn from SRI LANKA Economic Crisis – Causes and Remedial Action
The recent drop in the Sri Lanka economy is an interesting topic to analyse. The country has faced huge forex reserves are depleting, resulting in currency depreciation, inflation, and a supply crunch. Due to the supply shortages, people are waiting outside shops to stock up on essential goods. The unexpected surge in demand and panic purchasing has resulted in rising prices. This prompted the Sri Lankan government to declare an emergency, which allowed authorities to confiscate goods and determine Read more [...]