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Tag: economic

Sri Lanka facing humanitarian disaster amid civil unrest as economic crisis deepens

Subscribe to our YouTube channel for free here: https://sc.mp/subscribe-youtube Protests continued in Sri Lanka’s capital Colombo on April 6, 2022, as demonstrators called for the resignation of the country’s president Gotabaya Rajapaksa over the country’s economic crisis. Dozens of lawmakers walked out of Rajapaksa’s ruling coalition on April 5, leaving his government in a minority. The country’s doctors and clergy also took to the streets,…

Can the dire economic crisis in Sri Lanka be solved? | Inside Story

Sri Lanka is going through its worst economic crisis in more than seven decades. The country’s usable foreign currency reserves have plunged below one billion dollars, limiting its ability to repay loans. Over the weekend, the government imposed a curfew after violent demonstrations broke out. Protesters are angry over unprecedented shortages of food, fuel and medicines. And some are calling for the president to step…

Struggling Sri Lankan fishermen in need of fuel as economic crisis worsens

Subscribe to our YouTube channel for free here: https://sc.mp/subscribe-youtube The Sri Lankan government announced nationwide 13-hour daily power cuts starting on March 31, 2022. This comes as the country reels under its worst economic outlook since gaining independence in 1948, with rolling blackouts, soaring food prices and fuel shortages the norm. The crisis has left many fishermen moored at harbour, short of fuel and unable…

China aims for modest 5.5% GDP growth in 2022, citing economic pressures

Subscribe to our YouTube channel for free here: https://sc.mp/subscribe-youtube Chinese Premier Li Keqiang announced a growth target of 5.5 per cent for 2022, citing “triple pressures” of declining demand, supply chain disruptions and weaker expectations as the reason behind the lowest targeted economic growth in more than 20 years. The new GDP growth targets were announced on March 5, 2022 in Beijing. Source: CCTV Support…

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