Sri Lanka could face ‘Balance of Payment’ crisis if Middle East conflict continues

Sri Lanka could face ‘Balance of Payment’ crisis if Middle East conflict continues

Sri Lanka could face a Balance of Payment crisis, if the Middle East conflict continues for a longer period, economist Talal Rafi has warned. MORE..

Sri Lanka Risks Balance of Payments Crisis if Middle East Conflict Prolongs – Economist - LNW Lanka News Web

Sri Lanka could face a Balance of Payments (BoP) crisis if the ongoing Middle East conflict continues for an extended period, economist Talal Rafi has warned. Speaking to Ada Derana, Rafi said global oil prices are likely to keep rising amid the conflict, particularly as oil refineries in the region have reportedly come under attack in recent days, potentially affecting production. He noted that higher oil prices could be accompanied by increase…