World Business Watch: Sri Lanka's unemployment rate climbs, raises concern for policymakers
Edited By WION Video Desk
Published: Jan 17, 2023, 19:46 IST | Updated: Jan 17, 2023, 19:46 IST
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As Sri Lanka battles its worst economic crisis in 70 years, the joblessness rate climbed, stoking massive social and political concerns. The latest official data showed the island nation's unemployment rate rose to 5 percent by the end of September last year, during which the economy contracted by 12 percent.
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