Economic contraction

<p> <strong>Amid soaring inflation in the Euro area, the European Central Bank (ECB) raised interest rates. This is the first time since 2011 that interest rates have been increased.</strong></p> <p> …

<p> <strong>Sri Lanka’s central bank has warned that the bankrupt country’s economy could contract by more than 6 per cent this year amid intense political and social turmoil. Following the …

<p> <strong>Just ahead of the much-awaited meeting of G20 ministers and central bank governors amid worsening economic situation driven by the prolonged Russia-Ukraine war, Kristalina Georgieva, the top boss of …

<p> <strong>Sri Lanka’s economic crisis triggered by a debt default and acute shortage of food and fuel leading to violence has hit headlines but several other countries – Pakistan, Nepal, …