Times of Uncertainty 2022
DOI: 10.5771/9783748927495-401
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COVID-19 Pandemic Crisis Management in Sri Lanka. Slipping away from Success

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“…Sri Lanka is currently facing the worst economic crisis since its independence in 1948. According to reports, the crisis started in 2019 because of several interrelated, compounding events, including tax cuts, money creation, a national policy to switch to organic or biological farming, the 2019 Easter bombings, and the COVID-19 pandemic's effects in Sri Lanka (Bhowmick 2022;Fowsar et al 2021). Additionally, Russia was Sri Lanka's second-largest tea export market; traditionally, Russians and Ukrainians have made up most of the nation's non-South Asian visitors (Pereira et al 2022).…”
Section: Introductionmentioning
confidence: 99%
“…Sri Lanka is currently facing the worst economic crisis since its independence in 1948. According to reports, the crisis started in 2019 because of several interrelated, compounding events, including tax cuts, money creation, a national policy to switch to organic or biological farming, the 2019 Easter bombings, and the COVID-19 pandemic's effects in Sri Lanka (Bhowmick 2022;Fowsar et al 2021). Additionally, Russia was Sri Lanka's second-largest tea export market; traditionally, Russians and Ukrainians have made up most of the nation's non-South Asian visitors (Pereira et al 2022).…”
Section: Introductionmentioning
confidence: 99%
“…The supply chain disruptions following the Coronavirus disease 2019 (COVID-19) pandemic and the Russia-Ukraine conflict are just two examples of external causes that have exacerbated the disaster [2]. Moreover, increased government spending to implement COVID-19 alleviation measures and the nation's mounting external debts have further damaged the domestic economy structurally [3]. Sri Lanka's real Gross Domestic Production (GDP) is expected to fall by 9.2% in 2022 and a further 4.2% in 2023 [4].…”
Section: Introductionmentioning
confidence: 99%