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What’s next for the Sri Lankan Economy?-by Kalani Kumarasinghe Source:Dailymirror Monday’s briefing by Prime Minister Ranil Wickremesinghe was a rude awakening for many across the country. Although several parliamentarians, economists and industry stakeholders had long warned that the Sri Lankan economy would eventually come to a standstill unless interventions are made, much of these calls went unheard. Over the Vesak weekend, usually marked with dansal, colourful lanterns and illuminated pandols, people were seen queuing for petrol and kerosene. Unlike other years, only a few events to distribute food were organized by community groups despite skyrocketing prices of food. Sri Lankans it seemed are slowly adjusting to their new normal of extended power cuts and long queues. Prime Minister Ranil Wickremesinghe meanwhile exposed many realities and inconvenient truths on the state of the Sri Lankan economy. According to his speech, the Government incurs massive losses, as does the Ceylon Electricity Board. ...