Youth fleeing to foreign countries – central bank shocking information..!
The emigration of skilled youth has had a massive impact on Sri Lanka’s economy. This has been indicated by a Central Bank report.
According to the report, the migration of skilled Sri Lankans to foreign countries is affecting productivity. The report further stated that,
Unfavorable trends in the global sector are affecting the recovery of the export sector and the migration of skilled Sri Lankan workers abroad is affecting productivity.
Due to this there is a risk of short term and long term economic growth.
As per the current forecast, Sri Lanka’s economic growth is expected to slow in the short term. But it is also pointed out that the economy will gradually reach a steady growth level.