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According to World Bank’s Sri Lanka Development Update (SLDU), Sri Lanka is facing an acute economic crisis because of job & earning losses, and high food inflation.
World Bank on Sectoral Inequality
The COVID-19 pandemic has not impacted all the economic sectors equally. As per sectoral GDP data and discussion in Chapter 1, industries have been affected more than services and agriculture. But subsectors witnessed large variations. Weak external demand has impacted export-oriented subsectors. Among industrial subsectors, textile manufacturing and construction suffered the largest decline because these sectors are sensitive to demand shocks and require workers to be physically present.
By: Brijesh Kumar ProfileResourcesReport error
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