Sri Lanka avoids recession, but outlook remains clouded ...Qatar

Sri Lanka avoided a recession in the December quarter, a trend that may not hold for long as the island nation faces depleting foreign currency reserves and a spillover from the war in Ukraine dims recovery prospects. Gross domestic product in the fourth quarter grew 1.8% from a year earlier, the Department of Census and Statistics said in a statement on its website on Tuesday. That’s mostly in line with the median estimate for a 2% expansion in a Bloomberg survey of economists and reverses a 1.5% contraction in the previous quarter. While an easing of nationwide pandemic restrictions in October helped the economy gain momentum, geopolitical concerns and Asia’s fastest inflation may thwart

Read More Details
Finally We wish PressBee provided you with enough information of ( Sri Lanka avoids recession, but outlook remains clouded )

Also on site :

• Brynn Whitfield Announces Exit From 'RHONY' After Two Seasons
• Born on One of These 4 Dates? You're a Wise, Old Soul
• Tony-Nominated Actress, 23, Makes Bold Declaration About Taylor Swift