GDP formula If you’ve ever taken a course in macroeconomics, you’ve no doubt seen this formula: GDP = C + I + G + (X–M) Breaking it down, GDP is the sum, on a national scale, of: Consumption (C), both private and public ...
In the same way, if the domestic debt restructure is unravelled, then domestic interest rates can rise due to unwillingness to buy long term bonds. What happened before the elections is a case in point. This is also similar to the loss of market access for foreign bonds. In Sri Lanka du...
A critical shortfall in foreign exchange in 2022 pushed Sri Lanka's economy into the worst financial freefall in decades. While the economy has taken tentative steps towards recovery since last year, there is a lot still to be done. Inflation has returned to low single digits,...
Process manufacturing differs from discrete manufacturing in how the product is created. Using recipes and formulas, raw materials and ingredients are converted into a finished product via chemical and physical changes. While the finished product is usually produced in bulk, it can be divided into sm...
A prominent example of a country facing economic challenges is Sri Lanka, which experienced state bankruptcy due to difficulties in repaying foreign loans, leading to a default. This situation further eroded consumer confidence, prompting people to reduce their spending, thereby impacting the overall ...
The United Kingdom: The UK'sinflationrate is 9.1% and is predicted to reach at least 11% in the coming months. Sri Lanka: InMay, food inflation rose by 57.4% and non-food inflation climbed by 30.6%. Following months of food, fuel, and electricity shortages, Sri Lanka's Prime Ministe...
For now, the card is issued by Sonali Bank, BRAC Bank, and City Bank. Also, the three banks have been given the responsibility of issuing the TakaPay card in collaboration with the Central Bank of Bangladesh. In the future, five other banks - United Commercial Bank, Eastern Bank, Islamic...
Key to this is the promotion of Belt and Road investment as a partnership, a narrative that is necessary to reinforce given the vastly different size of the two nations’ economies (at USD84 billion Sri Lanka’s GDP ranked above only four Chinese provinces in 2017). “The problem is it’...
Apple Company's wealth newspaper disclosed that, its cash stockpiles 72,600,000,000 US dollars, surpasses Ecuador, Bulgaria, Sri Lanka and Costa Rica and so on the 126 national sum of GDP, looked like, rich might the enemy already be the floating clouds, the apple today already is “rich...
States vs. G7 Countries by GDP per Capita Mapped: Where Male Circumcision is Most Common in the World Ranked: How Often People Go to the Doctor, by Country Mapped: The Two Largest Cities on Every Continent by Population Travel Mapped: Countries With the Most Three-Star Michelin ...