Al Arabiya English
Sri Lanka is struggling to prevent a repeat of its spectacular economic collapse four years ago, as the prolonged Middle East war compounds the fallout from a deadly cyclone in November.President Anura Kumara Dissanayake has rationed fuel, raised its price by a third and increased electricity costs by up to 40 percent since the war began disrupting global energy supplies.For all the latest headlines follow our Google News channel online or via the app.Panic buying fuel in Sri Lanka has brought back memories of 2022, when the economy tanked, with inflation hitting 70 percent after Colombo defaulted on its $46 billion external debt.The accompanying protests toppled the once-powerful president, Gotabaya Rajapaksa, who was accused of mismanagement and corruption.But the Frontline Socialist Party (FSP) that led the “Aragalaya”, or struggle, that ousted Rajapaksa has warned that Dissanayake’s administration may be facing an implosion.“We believe that a response to this economic crisis will
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