Consumer market to shrink by 60% by April, unemployment rate to rise

Shera Wednesday, 08 March 2023 04:11 PM

Everyone has a talent or gift they can monetize. But Sri Lankan system is socialist which limits people's thinking and abilities, starting from school age. The system restricts achievements, and suppresses the creativity of people and their ability to think outside the box. This is why capitalist countries do better where the system places no limits on a citizen's earning potential or achievements. This failed system in Sri Lanka and corruption on every level, has made a rich upper class and allowed only them the opportunities and access that are denied to others. If everyone had equal opportunities; creativity and thinking skills; and access to resources (without a politician involved) to get their break, the country would have been quick to turn around the economy. Instead, people don't know what to do with themselves. It's a waste of human resources.

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Bernard Jayatilake Wednesday, 08 March 2023 05:34 PM

Nothing to worry as come April, the IMF bailout package of USD 2.9 billion will solve all these problems like a majic wand.

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VJ Thursday, 09 March 2023 07:27 AM

This is a viscous cycle, consumers reduce purchases due to hardship, sellers reduce their goods on the shelves, manufacturers reduce productivity due to less demand. The employer will reduce production capacity and in turn reduce staff.

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Era Friday, 10 March 2023 06:06 AM

Diverse into exports will be an good option for all SMEs.

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