Inflation ( CCPI)4.0% (Aug 2023)
GDP-3.1% (2Q 2023)
Unemployment4.8% (4Q 2022)
3M T-Bill Rate18.12%
12M T-Bill Rate13.32%
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 $2,623 Mn (July 2023 cumulative)
Cum. Fiscal DeficitLKR 1,243 Bn (June 2023)

Vietnam too feeling the contraction of demand for exports

InternationalMay 28, 2023
Vietnam too feeling the contraction of demand for exports

Vietnam is one of the world’s largest exporters of clothing, footwear, and furniture but in the first quarter of 2023 the country faced “unstable and complicated developments in the world economy,” the General Statistics Office (GSO) said in a statement.

The slow recovery of the world economy with the tightening of monetary policies in several countries has reduced consumption demands. Sri Lanka also experiencing declining exports in 2023 compared to the previous year.

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