Sri Lanka’s economy to shrink by 2% in 2023
Sri Lanka's economy is expected to shrink by 2% in 2023, its central bank said… Read More
Sri Lanka was known from the beginning of British colonial rule as Ceylon. A nationalist political movement arose in the country in the early 20th century to obtain political independence, which was granted in 1948; the country became a republic and adopted its current name in 1972.
Sri Lanka’s recent history has been marred by a 26-year civil war, which ended decisively when the Sri Lanka Armed Forces defeated the Liberation Tigers of Tamil Eelam (LTTE) in 2009.
The island is home to many cultures, languages and ethnicities. The majority of the population are from the Sinhalese ethnicity, while a large minority of Tamils have also played an influential role in the island’s history. Moors, Burghers, Malays, Chinese, and the indigenous Vedda are also established groups on the island.
Sri Lanka's economy is expected to shrink by 2% in 2023, its central bank said… Read More
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