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The heightened fiscal and external risks as well as the challenging political situation pose significant uncertainty to the economic outlook

The country is currently in the throes of an unprecedented economic turmoil since its independence from Britain in 1948

In the first round of three surveys that started in October 2021, only 40% of the respondents said that their economy was getting better – the lowest number since 2007, probably when the first survey was conducted.

Get latest articles and stories on World at LatestLY. More Sri Lankans will slip into poverty this year, the World Bank has warned, as it urged the debt-ridden island nation to undertake urgent policy measures to address the high levels of debt, trim the fiscal deficit, and mitigate the adverse impacts on the poor and vulnerable. World News | Poverty in Sri Lanka to Spike This Year, Warns World Bank.

The heightened fiscal and external risks as well as the challenging political situation pose significant uncertainty to the economic outlook