Sri Lanka’s Economy Hit by Coronavirus: Decline in Earnings From Tourism, Remittances

The unprecedented crisis triggered by the coronavirus pandemic has severely dented Sri Lanka’s economy, causing a steep fall in the earnings from tourism, remittances and outflow of foreign investment, the nation’s central bank has said.

The statement from the Central Bank of Sri Lanka came on Monday as the country was facing the worst financial crisis in its history due to the economic and travel curbs imposed after the coronavirus outbreak.