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Sri Lanka's unprecedented economic crisis has only deepened further in the past few months, stemming from mismanaged government finances and ill-timed tax cuts in addition to the impact of Covid pandemic.
Diminishing forex reserves, huge piles of debt, devaluation of currency, rising inflation and a falling economy has compelled the people to struggle for items of basic necessity as well.
https://m.timesofindia.com/business/international-business/explained-how-sri-lanka-fell-into-its-worst-economic-crisis-whats-next/amp_articleshow/91495670.cms