Economic Outlook for Sri Lanka

80 60 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Example 2: subdued employment in major industries would dampen living conditions of women and informal workers 105 100 95 90 95 85 Employment in selected sectors (Q1 2019=100) ―Manufacturing -Wholesle & retail, vehicles repair, personal & household -Accommodation & food services ESCAP MOVING FORWARD TOGETHER 。 Two major employment sources are hard hit by the pandemic and the Russia-Ukraine conflict 。 Tourism: border closures, within-country mobility restrictions, higher inflation in tourists' countries 。 Garment: supply chain disruption, weaker demand in developed countries, cotton price rise 。 81% of garment workers in Sri Lanka are women 。 80% of workers employed in the tourism sector are informal workers

View entire presentation