Sri Lanka reports low economy since 1948

 Sri Lanka reported Friday that its economy shrank 3.6 percent a year ago because of the Covid-19 pandemic, making it the most noticeably awful decline since autonomy from Britain in 1948. 

The extraordinary downturn contrasted and a 2.3 percent GDP development in 2019, the Central Bank of Sri Lanka said in its yearly report for 2020. 

It trusted the economy would bounce back in 2021 and record an idealistic six percent development on the rear of improved neighborhood assembling and administrations. 

"The pandemic has likewise offered a chance to reset the economy's concentration and to address longstanding underlying shortcomings and set up a creation based, profitability driven economy," the bank said.

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