Inflation ( CCPI)54.2% (Jan 2023)
GDP-11.8% (3Q 2022)
Unemployment5.0% (3Q 2022)
3M T-Bill Rate29.88%
12M T-Bill Rate27.72%
5Y T-Bond Rate29.00%
10Y T-Bond Rate30%
USD/LKR360/363
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Reserves $2.12Bn (Jan 2023)
Cum. Trade Deficit $5.2Bn (Dec 2022)
Cum. Fiscal DeficitLKR 1,647Bn (Oct 2022)

World economy has experienced four global recessions, fifth is on the way

InternationalSep 20, 2022
World economy has experienced four global recessions, fifth is on the way
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The world economy has experienced four global recessions over the past seven decades: 1975, 1982, 1991, and 2009. Some of the world economies were correlated with global recessions in different magnitudes. Many urge the world economy would fall into recession once again in 2023.

The global recessions were highly synchronized internationally, with severe economic and financial disruptions in many countries around the world. The 2009 global recession, set off by the global financial crisis, was by far the deepest and most synchronized of the four recessions (Kose, Sugawara & Terrones, 2020)

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