What the ME conflict means for SL’s economic recovery

Arutha's Co-Founder and Director-Civic Education, Rehana Thowfeek, spoke to The Morning about the impact of the ongoing conflict on Sri Lanka recovery and how it will impact energy prices and inflation.

She noted that inflation has been relatively low for the past two years, however, given the increasing prices of fuel and gas, there will be a cascading effect on prices and the cost of living if supply chain disruptions persist. She also noted that Sri Lanka has high exposure to the affected regions and we depend on many Gulf countries for fuel and gas.

“The depth and persistence of the impact will depend entirely on how long the war will go on for and how much it will escalate in terms of regions. In terms of recovery prospects, yes, we are facing a very volatile and unstable global environment. Also, the impact that energy prices will have on the buying power of our export markets remains a concern."

Click the link below to read more:

https://www.themorning.lk/articles/cz0wga3pi3AN8q7CTBV0