Market News
COLOMBO, Sept 15 - Sri Lanka's economy shrank 3.1% in the April-June quarter, official data showed on Friday, as the country struggles to claw out of its worst financial crisis in decades.
Sri Lanka's central bank projects that gross domestic product will shrink by 2% this year, having contracted 7.8% in 2022, after the island's economy fell into a severe foreign exchange crisis that decimated growth. "The July-September quarter would be the first time in six quarters that Sri Lanka may post positive growth."
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Bondholders Hopeful Sri Lanka Debt Deal Draft Ready Next MonthSri Lanka may be able to draw the outlines of a deal with holders of its defaulted dollar bonds as soon as next month, according to people familiar with the matter.
Read more »
Sri Lanka bondholders talks focus on state enterprise debt, domestic banksBy Karin Strohecker and Jorgelina do Rosario LONDON (Reuters) - Talks between Sri Lanka and its international bondholders will seek common ground on ...
Read more »
Sri Lanka's economy shrank by 3.1% in Q2 on crisis impactBy Uditha Jayasinghe COLOMBO (Reuters) - Sri Lanka's economy shrank 3.1% in the April-June quarter, official data showed on Friday, as the embattled ...
Read more »
Stocks rise after inflation data shows a reacceleration: Stock market news todayAugust's Consumer Price Index inflation report is a key data point for the Fed when it decides on rates policy next week.
Read more »
US futures rise with retail sales data, Arm IPO on deck: Stock market news todayInvestors are betting that the Federal Reserve won't hike interest rates at its next meeting.
Read more »
How Bitcoin’s market dominance signals good news for investorsDespite price fluctuations, Bitcoin's market dominance has surged to 50%, overshadowing altcoins and reshaping the crypto landscape.
Read more »