Crisis-hit Sri Lanka to see economic contraction in 2023: Report
Sri Lanka's economy contracted by 7.8% in 2022. It will further decline this year before witnessing a gradual recovery in 2024.
Crisis-hit Sri Lanka is estimated to see a contraction in its economic growth this year, according to Asian Development Bank (ADB) data. However, the country which is struggling with an unprecedented economic crisis will begin a gradual financial recovery in 2024.