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Easter bombings damaged Sri Lanka economy beyond tourism

Updated : 2019-07-31 15:23:43

Shocks from deadly suicide bombings on Easter Day in Sri Lanka are reverberating throughout its economy in the worst crisis since the South Asian island nation’s civil war ended in 2009. The blasts have devastated Sri Lanka’s vital tourism industry, source of jobs for many, and hindering foreign investment.

A Sri Lankan walks by Galle Face, in front of the Chinese-funded sea reclamation project in Colombo, Sri Lanka. Shocks from deadly suicide bombings on Easter Day in Sri Lanka are reverberating throughout its economy in the worst crisis since the South Asian island nation’s civil war ended in 2009. The blasts have devastated Sri Lanka’s vital tourism industry, source of jobs for many, and hindering foreign investment. (AP Photo/Eranga Jayawardena)
A Sri Lankan walks by Galle Face, in front of the Chinese-funded sea reclamation project in Colombo, Sri Lanka. Shocks from deadly suicide bombings on Easter Day in Sri Lanka are reverberating throughout its economy in the worst crisis since the South Asian island nation’s civil war ended in 2009. The blasts have devastated Sri Lanka’s vital tourism industry, source of jobs for many, and hindering foreign investment. (AP Photo/Eranga Jayawardena)
Sri Lankan trader Ranepura Hewage Jayasena, 76, waits for customers at a shop selling mementoes in Colombo. “Almost 100 percent of my business is gone. There are days without a single sale,” said Jayasena, looking grief-stricken as he went through the previous days accounts. “We had a war that raged for years, but we had good business. Bombs exploded in Colombo city itself, but that did not affect our business,” he said. “This is the worst period I have seen in my life.” (AP Photo/Eranga Jayawardena)
Sri Lankan trader Ranepura Hewage Jayasena, 76, waits for customers at a shop selling mementoes in Colombo. “Almost 100 percent of my business is gone. There are days without a single sale,” said Jayasena, looking grief-stricken as he went through the previous days accounts. “We had a war that raged for years, but we had good business. Bombs exploded in Colombo city itself, but that did not affect our business,” he said. “This is the worst period I have seen in my life.” (AP Photo/Eranga Jayawardena)
People walk past construction sites built with foreign investment in the Galle Face sea promenade in Colombo.  (AP Photo/Eranga Jayawardena)
People walk past construction sites built with foreign investment in the Galle Face sea promenade in Colombo.  (AP Photo/Eranga Jayawardena)
Sri Lankan vegetable and fruit sellers wait for buyers at a market place in Colombo. The blasts have devastated Sri Lanka’s vital tourism industry, source of jobs for many, and hindering foreign investment. (AP Photo/Eranga Jayawardena)
Sri Lankan vegetable and fruit sellers wait for buyers at a market place in Colombo. The blasts have devastated Sri Lanka’s vital tourism industry, source of jobs for many, and hindering foreign investment. (AP Photo/Eranga Jayawardena)
A Chinese labourer fixes iron pipes at a Chinese invested construction site in Colombo. The blasts have seriously affected the inflow of foreign investment into the country. (AP Photo/Eranga Jayawardena)
A Chinese labourer fixes iron pipes at a Chinese invested construction site in Colombo. The blasts have seriously affected the inflow of foreign investment into the country. (AP Photo/Eranga Jayawardena)
The economy is forecast to grow at about a 3 percent pace this year, according to Central Bank Governor Indrajit Coomaraswamy, way below the 6 percent plus average of recent years and possibly the lowest level in nearly 20 years.(AP Photo/Eranga Jayawardena)
The economy is forecast to grow at about a 3 percent pace this year, according to Central Bank Governor Indrajit Coomaraswamy, way below the 6 percent plus average of recent years and possibly the lowest level in nearly 20 years.(AP Photo/Eranga Jayawardena)
Sri Lanka's economy already was in trouble, dogged by political crisis, its currency under pressure from a growing national deficit and rising debt. The attacks have added to those challenges. (AP Photo/Eranga Jayawardena)
Sri Lanka's economy already was in trouble, dogged by political crisis, its currency under pressure from a growing national deficit and rising debt. The attacks have added to those challenges. (AP Photo/Eranga Jayawardena)
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