Economy News: According to a ranking released by the Economist this week, Sri Lanka’s economy is among the worst affected by the present COVID 19 crisis.
Sri Lanka stands at 61 in the ranking of 66 economies across four possible sources of risk, with Angola, Lebanon, Bahrain, Zambia and Venezuela below us.
The ranking analyzed public debt, international debt (both public and private) and borrowing costs (proxied, where possible, by the yield on dollar bonds of a government).
The strongest countries, including South Korea and Taiwan, are overqualified for the position of the emerging markets, according to the paper.
According to this survey Botswana is the top ranking country in the world.