Sri Lanka defaulted on its foreign debt in April and is seeking help from the International Monetary Fund after months of food, fuel and medicine shortages. - Reuters
COLOMBO: Sri Lanka’s economy likely shrank the most in two years amid a debt crisis that triggered a default and widespread protests that brought the nation to a standstill leading to the ouster of the president.
Gross domestic product (GDP) probably fell 10% in the three months to June from a year ago, according to a Bloomberg survey of economists.
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