Sri Lanka’s export earnings have increased to US $ 950 million in June 2020 from US $ 602 million in May, customs provisional statistics outlined, which is a positive signal that Sri Lanka is in the path of recovery faster than anticipated.
Hence, noting that the June exports have surpassed the US $ 602 million recorded in May, The Export Development Board (EDB) stated that this is a V-shaped recovery (a sharp rise back) for Sri Lankan exports.
Meanwhile, addressing a media briefing in Colombo this morning (8) Basil Rajapaksa – the National Organizer of the Sri Lanka Podujana Peramuna also expressed his thoughts on this.
“Sri Lanka’s export earnings have increased to US $ 950 million in June 2020.”
“This is a big win for us. In April Sri Lanka’s export earnings declined to US $250 million”
“Hence, this is not a U-turn but a V- turn recovery,” he added.
The post V- shaped recovery for Lankan exports as June export earnings reach $ 950 mn – EDB appeared first on Adaderana Biz English | Sri Lanka Business News.
Source From biz.adaderana
Author: Isma Izzath
#SriLanka #News #lka