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I looked into sri lanka economics when the canadian government tweeted: https://twitter.com/melaniejoly/status/1512462279643652098 https://twitter.com/melaniejo
by incomingpain 4y ago
I 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.