The Sri Lankan economy is likely to face a contraction in 2020 as a direct result of the COVID-19 pandemic but there is potential for this to be followed by a sharp V-shaped economic recovery. The means of navigating such a recovery path were discussed at a webinar panel discussion held last Thursday (15th October) to mark the release of the Institute of Policy Studies of Sri Lanka’s (IPS) flagship report ‘Sri Lanka: State of the Economy 2020’.
The COVID-19 pandemic emerged as a public health crisis, and morphed into a global economic crisis, with severe impacts on commercial activity, employment, and trade. In Sri Lanka, the pandemic has affected revenue streams of many businesses in the country. The impact is more harshly felt by unprotected workers. This blog discusses key issues that need to be rectified in Sri Lanka’s labour market policies to face similar emergencies in the future.
This blog discusses key challenges Sri Lanka faces when adopting working-from-home (WFH) as a solution to the country’s low female labour force participation (FLFP) and proposes policy solutions to overcome them. It is based on IPS’ forthcoming ‘Sri-Lanka: State of the Economy 2020’ report on ‘Pandemics and Disruptions: Reviving Sri Lanka’s Economy COVID-19 and Beyond’.
Latest Edition of Talking Economics Digest Now Online! – Transitioning to a High Middle Income Economy
As Sri Lanka moves towards achieving high middle-income status, the country is faced with both challenges and opportunities. To leverage the maximum advantage presented by these favourable circumstances and overcome the obstacles, reforms are needed in almost all aspects of the economy. In this context, the 17th Edition of the Talking Economics Digest centers on the theme of ‘Transitioning to a High Middle Income Economy.’
Diversification of the export basket, a more effective communication strategy to build support for reform initiatives, and addressing the skills constraints of the labor force are the top priorities for Sri Lanka. This blog, based on the closing session of the Saman Kelegama Memorial Conference, discusses the stifling bottlenecks that Sri Lanka faces in its transition towards a high middle income country (HMIC) and how to overcome them.