Sri Lanka's economy shrinks 7.8% in 2022

Reuters | Colombo | Updated: 15-03-2023 17:11 IST | Created: 15-03-2023 16:54 IST
Sri Lanka's economy shrinks 7.8% in 2022
Representative Image Image Credit: ANI
  • Country:
  • Sri Lanka

Sri Lanka's economy shrank 7.8% in 2022 from a year ago, government data showed on Wednesday, as the country wilted under the grip of the worst financial crisis in more than seven decades.

The island's fourth quarter GDP also contracted 12.4%, according to the figures.


Also Read: IMF set to consider final approval of Sri Lanka's USD 2.9 billion bailout package

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