In the News

Is the Sri Lankan economy on the brink of collapse?

Graham Watson

22nd June 2022

Newsnight's Ben Chu investigates what is happening in Sri Lanka - is their economy on the brink of collapse?

Ben Chu notes the collapse of the rupee - a 50% depreciation against the dollar in the last few months - and an official inflation rate of 30%.

He wonders whether the fate of Sri Lanka is indicative of what is going to happen in other developing economies, although he also looks at the impact of poor policy choices, notably tax cuts, on the island economy,

Is the Sri Lankan economy on the brink of collapse?

Graham Watson

Graham Watson has taught Economics for over twenty years. He contributes to tutor2u, reads voraciously and is interested in all aspects of Teaching and Learning.

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