Sri Lanka industry says 2022 exports could tumble 20%-30% on economic crisis

Reuters

COLOMBO – Sri Lankan leaders from garments, tea and other industries said on Friday the country’s goods and services exports could plunge 20% to 30% this year due to high freight charges and power cuts, potentially worsening an economic crisis.

Various industry associations addressed a news conference to urge the government to quickly seek financial help from the International Monetary Fund.

(Reporting by Uditha Jayasinghe; Editing by Muralikumar Anantharaman)

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