According to the World Bank the Sri Lankan economy is going to contract by 9.2% in 2022 and a further 4.2% in 2023. This is what we call an economic depression. Given the Budget that was just announced, I argue we are going to see an even larger contraction next year. What does this contraction mean? It means people are losing their income streams, with unemployment on the rise and livelihoods disrupted. A food crisis linked to the crippling of the economy is leading to increased malnourishment and starvation. We are going to lose a generation, as our children’s education and wellbeing are affected.
'kathika' social, cultural and political review
Tagged political economy
SB is no more
Dr. S. B. D. de Silva (1926-2018), the foremost political economist of Sri Lanka passed away in the evening of June 15, 2018 at his home in Kalubowila, after a brief illness. Dr. de Silva, had his education at St. Thomas’ College, Colombo and University of Ceylon. He went on to read for his PhD…