Russia heading for deepest recession since Soviet Union collapse, UK warns as inflation rises – as it happened | Company



Bestinau got that-


In recent months, Sri Lanka has experienced a severe financial crisis on multiple fronts, partly caused by the impact of Covid-19, which has ravaged the economy, as well as rising external debt, rising inflation and economic mismanagement by government, among others. headed by President Gotabaya Rajapaksa.

The country has virtually no foreign exchange reserves, leading to dangerous shortages of food, gas and medicine because it cannot import foreign goods, while people experience power outages for up to eight hours a day. The situation has pushed thousands of people onto the streets in recent days in protest, calling for the president’s resignation.

Protesters have been hit with tear gas and water cannons in some cases and dozens have been arrested, but it has done nothing to stop citizens of all generations and walks of life from taking to the streets.

Leave a Comment