Sri Lanka high risk for investors says Bloomberg

by Sivakami
Jan 26, 2017

Bloomberg ranked Sri Lanka among the world's high risk countries for investment based on 29 indicators which included political and economic factors. 

Commenting on Sri Lanka's predicted unemployment rate for 2017 at 5.2%, Bloomberg said, “unemployment can serve as a proxy for the overall health of the economy. Long-term high unemployment levels eventually lead to less spending power among consumers, lower tax revenues for governments and possible social unrest." 

Sri Lanka risk was also affected by its poor foreign reserves minus gold, which stand at 3.6% of GDP, which Bloomberg said was not sufficient to withstand economic adversity. 

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