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Sri Lanka Industry Says 2022 Exports Could Tumble 20%-30% on Economic Crisis

COLOMBO (Reuters) – 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.

FILE PHOTO: A dock worker rides his bicycle past shipping containers at the main Sri Lankan port in Colombo June 19, 2013. REUTERS/Dinuka LiyanawatteREUTERS

Various industry associations addressed a news conference to urge the government to quickly seek financial help from the International Monetary Fund.

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