5 Reasons Why Sri Lanka's Economy Crashed | Sri Lanka's Economic Crisis Explained | #facts #srilanka
Channel: UONS Universal Studio
Date: 2022-07-13

#srilankanews 

In this video, we have explained 5 major reasons for the bankruptcy of Sri Lanka and the crash of the Sri Lankan economy.
These 5 Reasons are as follows:-
1. Decline in tourism due to #covid19 and 2019 Churches blasts across the Sri Lankan Capital.
2. After defeating the #tamil tigers in 2009, the government focused on the locally produced material to be sold in the local economy rather than focusing on increasing #exports.
3. The trade deficit widened year on year basis.
4. Withdrawl of essential #taxes by the government to please the masses and voters.
5. Use of organic fertilizers destroyed the locally produced crops leading to food shortages and increased #imports 

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