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The reality in Sri Lanka contrasts with the World Bank's new upper-middle-income status.

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Nikkei Asia · · Source

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The reality in Sri Lanka contrasts with the World Bank's new upper-middle-income status.

The reality in Sri Lanka contrasts with the World Bank's new upper-middle-income status.

International travelers researching Sri Lanka before arriving in the island nation may be surprised to learn that the country is in the World Bank's upper-middle income category, putting it on par with some economies in Europe and Southeast Asia. The reality, however, is far from this classification, as millions of Sri Lankans struggle with declining purchasing power and living costs.

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