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In the second quarter of 2020, Sri Lanka's GDP was estimated to have contracted by 16% the biggest quarterly fall on record and expanded by 2% in the third quarter. In the first nine months of the year, GDP was estimated to have contracted 5%. [119] After growing 5.0% in 2015, growth fell to 4% in 2016, 4% in 2017, 3% in 2018 and 2% in 2019. [120]
The Sri Lankan economic crisis[ 8] is an ongoing crisis in Sri Lanka that started in 2019. [ 9] It is the country's worst economic crisis since its independence in 1948. [ 9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities ...
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SriLankan Airlines. SriLankan Airlines is the flag carrier of Sri Lanka and a member airline of the Oneworld airline alliance. It was launched in 1979 as Air Lanka following the termination of operations of the original Sri Lankan flag carrier Air Ceylon. As of April 2024, it is the largest airline in Sri Lanka by number of aircraft and ...
Sri Lanka Railways began partnering with ExpoRail and Rajadhani Express in 2011 for premium service on major routes. [ 13 ] [ 14 ] Its northern line , affected by almost three decades of war, is being rebuilt; in 2015, it was restored to Jaffna and Kankesanthurai at pre-war levels The maximum speed on this line is currently 120 km/h(74 mph). [ 15 ]
The commission has recently been assigned the task of producing Sri Lanka's long-term power generation plan in the middle of power shortages and an impending energy crisis in the country- the Electricity Supply 2020 and Beyond report has been the subject of minor controversy, with unionized employees of the Ceylon Electricity Board in ...
2024. Sri Lanka competed at the 2020 Summer Olympics in Tokyo. Originally scheduled to take place from 24 July to 9 August 2020, the Games were postponed to 23 July to 8 August 2021, because of the COVID-19 pandemic. [ 1] It was the nation's eighteenth appearance at the Summer Olympics, with the exception of the 1976 Summer Olympics in Montreal.
The launch schedule slipped multiple times but eventually launched in April 2023. [107] [108] In 2020, SpaceX hired retired four-star general Terrence J. O'Shaughnessy who according to some sources is associated with Starlink's military satellite development and according to one source is listed as a "chief operating officer" at SpaceX.