Inflation ( CCPI)1.3% (Sep 2023)
GDP-3.1% (2Q 2023)
Unemployment4.7% (1Q 2023)
3M T-Bill Rate17.42%
12M T-Bill Rate13.30%
2Y T-Bond Rate14.60%/ 15.00%
4Y T-Bond Rate14.50% / 14.90%
USD/LKR322/323
Reserves $3.60Bn (Aug 2023)
Cum. Trade Deficit $2,930 Mn (Aug 2023 cumulative)
Cum. Fiscal DeficitLKR 1,243 Bn (June 2023)

Sri Lanka yet to reach to pre-crisis working hours as economy struggle

OtherApr 26, 2023
Sri Lanka yet to reach to pre-crisis working hours as economy struggle

Prior to COVID-19, on average 68% of the workers had engaged in employment more than 40 hours per week, which fell to 49% in the first COVID wave and fell further to 51% in the second wave. The country faced an economic crisis in 2022, which made it fall to 57% in the 2nd & 3rd quarters and picked up marginally in by 4th quarter.

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