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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 ...
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 ...
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 ...
Tourism is a key industry that attracts international tourists yearly. Foreigners visit Sri Lanka to see nature, wildlife, historical monuments, and indigenous culture. In 2018, tourist arrivals peaked at 2.5 million, who spent a total of US$5.6 billion in the country. However, the COVID-19 pandemic caused tourist numbers to decrease by 92% in ...
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 ]
Sri Lanka emerges as first runners-up in the 2020 Online School Debate Championship, losing to Canada 8–1 in the finals. [63] It was the first instance where Sri Lanka made it to the finals in the history of World Schools Debating Championships. Sri Lanka was also awarded the top-performing ESL team for secondary English-speaking countries. [64]
Sinhalese New Year. Sinhalese New Year, generally known as Aluth Avurudda ( Sinhala: අලුත් අවුරුද්ද) in Sri Lanka, is a Sri Lankan holiday that celebrates the traditional New Year of the Sinhalese people and Tamil population of Sri Lanka. It is a major anniversary celebrated by not only the Sinhalese and Tamil people ...