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Economic crisis makes Sri Lankan stocks world's worst performers after Russia
short by Kiran Khatri / on Monday, 4 April, 2022
Amid Sri Lanka's worst economic crisis, the country's stocks have fallen about 33% in 2022, making them the world's worst performers after Russian equities. In 2021, the Sri Lanka Colombo Stock Exchange had rallied 80%, posting the world's best performance after Mongolia. On Monday, the central bank Governor Ajith Nivard Cabraal resigned amid soaring inflation and fuel shortage.
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