Crisis-hit Sri Lankan economy shows strong recovery as tourists return

Sri Lanka's economy showed a strong recovery in the last quarter of 2023 with a 4.5% expansion, rebounding from a severe financial crisis. Despite a 2.4% overall contraction in 2023, the year marked contrasts with negative growth in the first half and a rebound in the second half. Tourism thrived with a notable increase in arrivals and worker remittances.