Dutch language

How to pronounce economic crisis in Dutch?

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high inflation shortage of basic
essentials and riots are spreading
rapidly across the entire country yes
we're talking about sri lanka sri lanka
is facing the worst economic crisis in
its history their government is running
out of foreign reserves but how did sri
lanka's economy collapse what role did
china have to play in sri lankan crisis
let's find out
sri lanka took loans from several
countries this pushed sri lanka to its
worst economic crisis sri lanka is
facing an acute shortage of food fuel
and basic essentials
after the rebel war of 2009 sri lanka
sought china's financial help the
country took loans worth 45 billion
dollars from various countries including
more than 8 billion dollars from china
this put sri lanka in a foreign debt to
china
in foreign debt country borrows money
from a government cooperation or private
household
foreign debt also includes obligations
to the world bank and the asian
development bank
later in 2010 sri lanka borrowed 1.2
billion dollars from china to build the
huma bantota port the island country was
unable to run the pot and repay the debt
the result china and sri lanka
negotiated and sri lanka had to hand
over the crucial and critical port to
china on lees for 99 years shashi
dhanatonga an economist has said the
loans taken from china triggered the
misery in sri lanka sri lanka handed
over its crucial port to china in 2017
soon after covert 19 added more debts to
the economy
sri lanka's repayment target for this
year is 7 billion
the sri lankan government sought aid
from both india and china and approached
the imf for a debt relief package it's
now struggling to finalize a usd one
billion credit line with india
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high inflation shortage of basic

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economic crisis::noun | Spocien Dictionary

economic crisis

noun

a long-term economic state characterized by unemployment and low prices and low levels of trade and investment

Type	Words
Synonyms	depression, slump
Type of	crisis, economic condition

How to pronounce economic crisis in Dutch?

economic crisis::noun | Spocien Dictionary

abandonment

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