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Sri Lanka is the first domino to fall in the face of a global debt crisis
- incomingpain 5y agoI looked into sri lanka economics when the canadian government tweeted: https://twitter.com/melaniejoly/status/1512462279643652098 https://twitter.com/melaniejoly/status/1512462279643652098 Let's compare economic specs. GDP Growth: Canada: 1.6% Sri: 1.8% Unemployment: Canada: 5.2% Sri: 4.6% Inflation: Canada: 6.7% Sri: 29.8% Government Debt to GDP: Canada: 118% Sri: 101% Basically Sri Lanka is melting down and their prime minister just resigned: https://en.wikipedia.org/wiki/Mahinda_Rajapaksa https://en.wikipedia.org/wiki/Mahinda_Rajapaksa The Canadian government is deeply concerned not with Sri Lanka because reality is that Canada is worse off. Both are headed the same destination for the same reason.