Category: Business & Economy
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Sri Lanka Economic Pressures Intensify
The cyclone’s economic impact comes as Sri Lanka’s external sector faces renewed strain. The Central Bank’s latest data shows that the country recorded current account deficits in both September and October, with October alone posting a USD 199.5 million deficit. The year-to-date surplus has begun to narrow sharply. Imports surged 26.7 percent year-on-year in October