Sri Lanka’s economy has not recovered since the 2019 currency crisis and subsequent International Monetary Fund (IMF) intervention, according to Steve H. Hanke, economics professor at Johns Hopkins University.

In a post on ‘X’, Hanke noted that until the crisis struck, Sri Lanka’s growth trajectory was on par with India.

“Contrary to reports in the Western media, since the crisis and the IMF’s intervention, the economy has never recovered,” he said, addressing the country’s prolonged struggles. (Newswire)

Until the currency crisis hit Sri Lanka in 2019, it was growing on par with India.

Contrary to reports in the Western media, since the crisis and the IMF’s intervention, the economy has never recovered. pic.twitter.com/HTdlhPOpEm

— Steve Hanke (@steve_hanke) May 4, 2026

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