Sri Lanka’s petroleum imports are rising at an alarming rate. This article by Vishvanathan Subramaniam examines recent trends in global oil markets and analyzes corresponding impacts on Sri Lanka’s economy. It suggests that while global oil prices are expected to decline in the short to medium term, Sri Lanka cannot be expected to maximize growth potential and ensure energy independence due to several structural inefficiencies.
China’s new Five year plan appears to indicate a shift in economic priorities. This article delves further into this development and assesses the impact of this re-positioning on the Sri Lankan economy.