Slowly, and then suddenly. That's how bankruptcies happen, and that goes for countries too.
Sri Lanka has been on the verge of economic crisis ever since the outbreak of the Covid-19 pandemic in 2020, but years of economic mismanagement, which pre-dates the pandemic, official complacency and an unwillingness to change course even in the face of external shocks like soaring food and fuel prices have dramatically accelerated the slide.
Source: Financial Digest (financialdigest.net)
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