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)