Sri Lanka economy shrinks 8.4 percent

Bankrupt Sri Lanka’s economy shrank 8.4 percent year-on-year in the second quarter, official data showed Thursday, as the island nation’s unprecedented financial crisis reached its peak.

Months of acute food, fuel and medicine shortages, extended blackouts and runaway inflation have plagued the country after it ran out of dollars to finance even the most essential imports | Read:Sri Lanka economy shrinks 8.4 percent (msn.com)