With Sri Lanka in freefall, this is what a collapsed economy looks like

Australia News News

With Sri Lanka in freefall, this is what a collapsed economy looks like
Australia Latest News,Australia Headlines
  • 📰 smh
  • ⏱ Reading Time:
  • 65 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 29%
  • Publisher: 80%

With Sri Lanka in freefall, this is what a collapsed economy looks like | ChrisBarrett_

“our economy has completely collapsed”

Community kitchens are popping up in Colombo and beyond, giving out free food, but preparing it is another major problem. Cooking gas has also become scarce, so many use firewood at home instead. There have been several reports of people collapsing and dying as they have lined up for hours in scorching heat to try to re-fill cylinders with gas or kerosene.Motorists have for months been queueing for petrol and diesel, often overnight and in lines kilometres long.

Doctors have also been hit with a pay cut of as much as 20 per cent, which the government imposed in May to raise revenue, and hospitals face an exodus of medical personnel who can earn much more overseas.Nine people were killed in the biggest outbreak of violence during the crisis on May 9, triggered by pro-government loyalists attacking protesters outside the office of President Gotabaya Rajapaksa.

There have also been reports of clashes at petrol stations including one motorist being stabbed to death by a tuk-tuk driver in March. In the same month a 12-year-old girl in the east coast town of Akkaraipattu was reportedly beaten of bleeding for stealing biscuits and milk powder from a store.APGovernment offices and schools have closed down for two weeks this month as fuel ran out.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

smh /  🏆 6. in AU

Australia Latest News, Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sri Lanka Prime Minister says economy 'has collapsed,' unable to buy oilSri Lanka’s prime minister says its debt-laden economy has “collapsed” after months of shortages of food, fuel and electricity. 9News
Read more »

Glenn Maxwell called into Australia’s Test squad for Sri Lanka seriesGlenn Maxwell called into Australia’s Test squad for Sri Lanka seriesGlenn Maxwell has been drafted into Australia's Test squad on the tour of Sri Lanka
Read more »

‘We want justice, not fuel’: Sri Lanka’s Tamils on north-south divide‘We want justice, not fuel’: Sri Lanka’s Tamils on north-south divideIn the middle of a crippling economic crisis, demonstrating is a luxury the country’s Tamil minority cannot afford
Read more »

Sri Lanka's economy has 'completely collapsed': Prime MinisterSri Lanka's economy has 'completely collapsed': Prime MinisterSri Lanka's Prime Minister says the debt-laden economy has completely collapsed after months of shortages of food, fuel and electricity.
Read more »

‘We want justice, not fuel’: Sri Lanka’s Tamils on north-south divide‘We want justice, not fuel’: Sri Lanka’s Tamils on north-south divideIn the middle of a crippling economic crisis, demonstrating is a luxury the country’s Tamil minority cannot afford
Read more »

Maxwell gets his Test shot as Head succumbs to intense Sri Lankan workloadMaxwell gets his Test shot as Head succumbs to intense Sri Lankan workloadGlenn Maxwell comes into the Australian Test squad after Travis Head's staggering running effort sees him sidelined for Sri Lanka.
Read more »



Render Time: 2025-03-21 07:38:05