Is the worst over for Sri Lanka's economic crisis?

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Is the worst over for Sri Lanka's economic crisis?
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A year after the start of the crisis, life looks normal in Colombo but is the country out of the woods?

By Archana ShuklaAt first glance, life in Sri Lanka's financial capital Colombo looks deceptively normal.

Food, medicine and other essentials were also in short supply, exacerbating the crisis. People had to stand in such long queues in the brutal heat, that at least 16 people - mainly the elderly - died. Ranil Wickremesinghe who took charge as President after widespread protests saw then-ruler Gotabaya Rajapaksa resign, has managed to secure a lifeline of $2.9bn from the International Monetary Fund .

It highlights that while life may seem to have returned to normal, in reality people are still struggling.Essentials are available, but unaffordable for many. Things are more expensive than ever before. Almost half of all Sri Lankan families spend about 70% of their household income on food alone. And prices of food, clothing and housing are continuing to rise.

The scale of the brain drain is leaving a worrying gap in the country's economic recovery. Businesses trying to recover from the crisis are unable to find skilled labour.

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