How will Brexit affect Sri Lankan Economy?
The most pertinent question arising from the British exit from the European Union (Brexit) is the impact it would have on the Sri Lankan economy. In what ways will it affect our economy adversely? Higher interest rates that are likely to prevail for some time could increase our cost of international borrowing. If Brexit results in unfavourable economic conditions in Europe and Britain, it could affect the demand for our exports. Tourist arrivals from Britain and exports to Britain could be adversely affected by the depreciation of the sterling pound.
Founder and General Manager, Razormind
Sweden Sri Lanka Business Council, Chairman of board
Skål International Stockholm, Member of board
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