In early 2022 The Sri Lankan economy was just beginning to recover from the fallout of the 2019 Easter Attack and the COVID19 Pandemic, with increasing tourist arrivals and businesses functioning at some level. There was some hope.

However, economic mismanagement and systemic corruption over the last 2 years have triggered a crisis. This has adversely affected most businesses as well as all consumers. The depreciation of the rupee and high inflation make daily living very difficult for the rural poor and now the middle class as well who are struggling to survive. Many businesses are affected as they are simply unable to function.

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