Sri Lankan economic crisis | Sri Lanka food crisis скачать в хорошем качестве

Sri Lankan economic crisis | Sri Lanka food crisis

◆Anger against Sri Lankan President Gotabaya Rajapaksa’s handling of a deepening economic crisis in the island nation of 22 million people spiraled into violence late on Thursday, as hundreds of protesters clashed with police for several hours. A severe shortage of foreign currency has left Rajapaksa’s government unable to pay for essential imports, including fuel, leading to debilitating power cuts lasting up to 13 hours. Ordinary Sri Lankans are also dealing with shortages and soaring inflation after the country steeply devalued its currency last month ahead of talks with the International Monetary Fund (IMF) for a loan program. ◆ “Sri Lanka is a classic twin deficits economy,” said a 2019 Asian Development Bank working paper. “Twin deficits signal that a country’s national expenditure exceeds its national income, and that its production of tradable goods and services is inadequate. ◆Share this video with a friend if you found it useful! Consider subscribing to the channel for inspiring videos about investing, business, stock market, managing money, building wealth, passive income, and other finance-related content! DON'T FORGET TO SUBSCRIBE! DISCLAIMER: All of my strategies, and news coverage are based on my own opinions alone and are only done for entertainment purposes. If you are watching my videos, please Don't take any of this content as guidance for buying or selling any type of investment or security. I am not a financial advisor and anything said on this YouTube channel should not be seen as financial advice. Please keep in mind that there are a lot of risks associated with investing in the stock market so do your own research and due diligence before making any investment decisions. #srilankaeconomiccrisis #srilankafoodcrisis #whysrilankaeconomiccrisis