HomeAsiaSri Lanka industry says 2022 exports could tumble 20%-30% on economic crisis

Sri Lanka industry says 2022 exports could tumble 20%-30% on economic crisis

COLOMBO (Reuters) – Sri Lankan leaders from garments, tea and other industries said on Friday the country’s goods and services exports could plunge 20% to 30% this year due to high freight charges and power cuts, potentially worsening an economic crisis.

Various industry associations addressed a news conference to urge the government to quickly seek financial help from the International Monetary Fund.

(Reporting by Uditha Jayasinghe; Editing by Muralikumar Anantharaman)

tagreuters.com2022binary_LYNXNPEI3706M-VIEWIMAGE

RELATED ARTICLES
- Advertisment -
Google search engine

Most Popular

Recent Comments