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Sri Lankan Economic Crisis Worsens As Country Defaults On Its Debt Payments | The Global Eye

Days after Ranil Wickremesinghe took over as the Prime Minister of Sri Lanka and President Gotabaya Rajapaksa won the vote of confidence from opposition parties, the economic crisis in the island nation is only worsening. The country has defaulted on its debt for the first time in its history as the government runs out of cash. Angry and uncontrollable crowds are protesting on the road as they fight for food, medicine, petrol and electricity. Inflation has risen to nearly 30 percent with food prices up 46.6 percent year-on-year.#BusinessNews #BusinessNewsToday #BusinessNewsInEnglish #ShareMarketTodayAbout CNBC-TV18: India's leading business news channel, CNBC-TV18 offers the most comprehensive coverage of businesses, the economy and the financial markets. Catch all your favourite shows, exclusive videos, big-ticket interviews and more here.You can also connect with CNBC-TV18 News OnlineCatch the latest news: https://bit.ly/2YbpXBMFollow CNBC-TV18 round the clock: https://www.cnbctv18.com/live-tv/Stay updated with all the market action: https://www.cnbctv18.com/market/stocks/live-blogFollow experts on the most vital topics: https://www.cnbctv18.com/expert-views/Subscribe to our daily newsletter: https://www.cnbctv18.com/newsletter/Subscribe to our Channel: https://tinyurl.com/y6rvugayLike us on Facebook: https://www.facebook.com/cnbctv18india/Follow us on Twitter: https://twitter.com/CNBCTV18News

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