Sad reality of economy revealed says Harsha
Srilankamirror - Sad reality of economy revealed says HarshaUNP parliamentarian and Economist Dr. Harsha de Silva says that the sad reality of the country’s economy has now been revealed.
Issuing a brief statement he said, “In complete contrast to the picture painted by Governor Nivard Cabraal and subsequently showcased by politicians the sad reality of the economy of Sri Lanka has been revealed.”
He noted that the mismanagement of the problem; particularly ignoring the ballooning trade deficit and under-pricing energy in an artificially controlled exchange rate and interest rate regime, had no other possible ending other than the one that is unfolding right before our eyes.
“The domino effect of the erroneous decision making by the miserably politicized Central Bank resulting in a massive depreciation and an unprecedented increase in energy prices will be widespread and be felt by all,” he observes.
