In the News
Is the Sri Lankan economy on the brink of collapse?
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,
"Our economy has completely collapsed"
— Ben Chu (@BenChu_) June 22, 2022
"No country or organization in the world is willing to provide fuel to us"
"We are now seeing signs of a possible fall to rock bottom"
Sheer desperation from the Sri Lankan PM today 🇱🇰...https://t.co/4FqG6L9N9s
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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