Part 9/10:
While cutting spending can be a necessary corrective action, the contrast between Sri Lanka’s current policies and the long-term investments seen in the U.S. and Portugal reveals that economic recovery does not have to come at such a heavy price for the populace. The immediate focus should shift towards sustainable growth avenues, particularly in expanding Sri Lanka's export market, which remains narrow and underdeveloped.
Identifying viable sectors beyond traditional exports, like clothing and tea, could unlock significant economic potential. Experts estimate that tapping into these opportunities could not only create 142,000 jobs but also pave a path toward a more resilient economy.