• Latest
  • Trending
The gloom which enveloped Sri Lanka in 2020 is lifting

The gloom which enveloped Sri Lanka in 2020 is lifting

January 2, 2021
Death toll from fatal train crash in India climbs over 230

Modi vows punishments over deadly Odisha crash

June 4, 2023
The people participating in the sex competition will engage in sex sessions which can go up to six hours daily

Sweden officially declares sex as sport, to organise European Sex Championship

June 4, 2023
Magnificent edifice for a new era  

Magnificent edifice for a new era  

June 4, 2023
Jayantha Dhanapala was a prime mover of nuclear disarmament

Jayantha Dhanapala was a prime mover of nuclear disarmament

June 4, 2023
Giant leatherback sea turtle washes up on Panadura beach

Giant leatherback sea turtle washes up on Panadura beach

June 3, 2023
Death toll from fatal train crash in India climbs over 230

Death toll from fatal train crash in India climbs over 230

June 3, 2023
Rain. Image credits - Max Bender @maxwbender / Unsplash

Southwest monsoon to gradually establish across Sri Lanka

June 3, 2023
Myanmar soldiers refusing to fight

Myanmar soldiers refusing to fight

June 3, 2023
Rahul Gandhi’s speech at Stanford University

Rahul Gandhi’s speech at Stanford University

June 3, 2023
Alien

Scientists expand search for signs of intelligent alien life

June 3, 2023
Imports. Image credits - Paul Teysen @hooverpaul55 / Unsplash

Import restrictions on nearly 400 items to be relaxed

June 2, 2023
Brazil former President Fernando Collor de Mello

Brazil’s former president sentenced to almost 9 years in prison for corruption

June 2, 2023
  • About Us
  • Advertisements
  • Privacy Policy
  • Contact
Sunday, June 4, 2023
No Result
View All Result
NewsIn.Asia
  • Home
  • Around South Asia
    • All
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
    Death toll from fatal train crash in India climbs over 230

    Modi vows punishments over deadly Odisha crash

    Magnificent edifice for a new era  

    Magnificent edifice for a new era  

    Jayantha Dhanapala was a prime mover of nuclear disarmament

    Jayantha Dhanapala was a prime mover of nuclear disarmament

    Giant leatherback sea turtle washes up on Panadura beach

    Giant leatherback sea turtle washes up on Panadura beach

    Death toll from fatal train crash in India climbs over 230

    Death toll from fatal train crash in India climbs over 230

    Rain. Image credits - Max Bender @maxwbender / Unsplash

    Southwest monsoon to gradually establish across Sri Lanka

    Myanmar soldiers refusing to fight

    Myanmar soldiers refusing to fight

    Rahul Gandhi’s speech at Stanford University

    Rahul Gandhi’s speech at Stanford University

    Imports. Image credits - Paul Teysen @hooverpaul55 / Unsplash

    Import restrictions on nearly 400 items to be relaxed

  • World
    • All
    • Japan
    • Russia
    • United Kingdom
    • United States
    The people participating in the sex competition will engage in sex sessions which can go up to six hours daily

    Sweden officially declares sex as sport, to organise European Sex Championship

    Rahul Gandhi’s speech at Stanford University

    Rahul Gandhi’s speech at Stanford University

    Alien

    Scientists expand search for signs of intelligent alien life

    Brazil former President Fernando Collor de Mello

    Brazil’s former president sentenced to almost 9 years in prison for corruption

    Fish. Image credits - Sebastian Pena Lambarri / Unsplash

    Fish moving to colder waters to survive

    Flight

    World’s best airline for 2023 named by AirlineRatings.com

    Mars

    Mars bar plastic wrapper swapped for paper

    Recep Tayyip Erdogan

    Erdogan wins Turkish election, extending rule to third decade

    Lankan President’s Japan visit will have a salutary effect on relationship

    Lankan President’s Japan visit will have a salutary effect on relationship

  • Business
  • Politics
  • Sports
  • Entertainment
    • All
    • Books
    • Gaming
    • Movie
    • Music
    • Series
    Samahan

    Amitabh Bachchan expresses confidence for Sri Lankan herbal drink Samahan

    ‘Money Back Guarantee’ to mark cinematic debut of cricketing legend Wasim Akram and wife Shaniera

    ‘Money Back Guarantee’ to mark cinematic debut of cricketing legend Wasim Akram and wife Shaniera

    The gran who couldn’t: Indu Balachandran’s latest book is for readers of all ages

    The gran who couldn’t: Indu Balachandran’s latest book is for readers of all ages

    The Weeknd

    The Weeknd is the world’s most popular artist, Guinness World Records says

    Naatu Naatu has millions of views on YouTube and is a viral sensation over social media

    Watch: Oscar winning song Naatu Naatu

    Naatu Naatu has millions of views on YouTube and is a viral sensation over social media

    Indian song ‘Naatu Naatu’ from ‘RRR’ wins Oscar award for best song

    Naatu Naatu has millions of views on YouTube and is a viral sensation over social media

    Naatu Naatu: The RRR song primed for Oscar history

    Keanu Reeves

    11 of the best films to watch in March

    Netflix. Image credits - Souvik Banerjee @rswebsols / Unsplash

    Netflix cuts prices for subscribers in more than 30 countries

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Science
    • Travel
    Alien

    Scientists expand search for signs of intelligent alien life

    Fish. Image credits - Sebastian Pena Lambarri / Unsplash

    Fish moving to colder waters to survive

    Mars

    Mars bar plastic wrapper swapped for paper

    Emirates

    All Emirates passengers can now avail of free Wi-Fi connectivity onboard

    Exercise. Image credits - Victor Freitas @victorfreitas / Unsplash

    5 healthy habits that are easy to add to your day

    Global concern over babies born too soon

    Global concern over babies born too soon

    Nigerian chef Hilda Effiong Bassey

    Nigerian chef cooks for 100 hours in world record attempt

    Batik Air

    Batik Air reinstates daily services between Colombo and Kuala Lumpur

    Confucius tells us how to set ourselves free with ritual

    Confucius tells us how to set ourselves free with ritual

    Sri Lankans enjoy a walk in the beach

    My trip to Sri Lanka restored faith in fellow humans: Australian tourist

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Tech
    Whatsapp

    WhatsApp introduces new feature to edit sent messages

    WhatsApp

    WhatsApp will allow users to lock and hide conversations

    Whatsapp. Image credits - AARN GIRI / Unsplash

    WhatsApp announces multi-device feature to support more than one phone

    Apple store in Mumbai

    Apple says ‘Hello Mumbai’ at first India store launch

    WhatsApp

    WhatsApp to introduce five new features in 2023 

    OpenAI has created ChatGPT, a start-up focused on artificial intelligence and its potential use cases. (Image source: OpenAI)

    ChatGPT banned in Italy over privacy concerns

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Coronavirus
  • Videos
  • Home
  • Around South Asia
    • All
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
    Death toll from fatal train crash in India climbs over 230

    Modi vows punishments over deadly Odisha crash

    Magnificent edifice for a new era  

    Magnificent edifice for a new era  

    Jayantha Dhanapala was a prime mover of nuclear disarmament

    Jayantha Dhanapala was a prime mover of nuclear disarmament

    Giant leatherback sea turtle washes up on Panadura beach

    Giant leatherback sea turtle washes up on Panadura beach

    Death toll from fatal train crash in India climbs over 230

    Death toll from fatal train crash in India climbs over 230

    Rain. Image credits - Max Bender @maxwbender / Unsplash

    Southwest monsoon to gradually establish across Sri Lanka

    Myanmar soldiers refusing to fight

    Myanmar soldiers refusing to fight

    Rahul Gandhi’s speech at Stanford University

    Rahul Gandhi’s speech at Stanford University

    Imports. Image credits - Paul Teysen @hooverpaul55 / Unsplash

    Import restrictions on nearly 400 items to be relaxed

  • World
    • All
    • Japan
    • Russia
    • United Kingdom
    • United States
    The people participating in the sex competition will engage in sex sessions which can go up to six hours daily

    Sweden officially declares sex as sport, to organise European Sex Championship

    Rahul Gandhi’s speech at Stanford University

    Rahul Gandhi’s speech at Stanford University

    Alien

    Scientists expand search for signs of intelligent alien life

    Brazil former President Fernando Collor de Mello

    Brazil’s former president sentenced to almost 9 years in prison for corruption

    Fish. Image credits - Sebastian Pena Lambarri / Unsplash

    Fish moving to colder waters to survive

    Flight

    World’s best airline for 2023 named by AirlineRatings.com

    Mars

    Mars bar plastic wrapper swapped for paper

    Recep Tayyip Erdogan

    Erdogan wins Turkish election, extending rule to third decade

    Lankan President’s Japan visit will have a salutary effect on relationship

    Lankan President’s Japan visit will have a salutary effect on relationship

  • Business
  • Politics
  • Sports
  • Entertainment
    • All
    • Books
    • Gaming
    • Movie
    • Music
    • Series
    Samahan

    Amitabh Bachchan expresses confidence for Sri Lankan herbal drink Samahan

    ‘Money Back Guarantee’ to mark cinematic debut of cricketing legend Wasim Akram and wife Shaniera

    ‘Money Back Guarantee’ to mark cinematic debut of cricketing legend Wasim Akram and wife Shaniera

    The gran who couldn’t: Indu Balachandran’s latest book is for readers of all ages

    The gran who couldn’t: Indu Balachandran’s latest book is for readers of all ages

    The Weeknd

    The Weeknd is the world’s most popular artist, Guinness World Records says

    Naatu Naatu has millions of views on YouTube and is a viral sensation over social media

    Watch: Oscar winning song Naatu Naatu

    Naatu Naatu has millions of views on YouTube and is a viral sensation over social media

    Indian song ‘Naatu Naatu’ from ‘RRR’ wins Oscar award for best song

    Naatu Naatu has millions of views on YouTube and is a viral sensation over social media

    Naatu Naatu: The RRR song primed for Oscar history

    Keanu Reeves

    11 of the best films to watch in March

    Netflix. Image credits - Souvik Banerjee @rswebsols / Unsplash

    Netflix cuts prices for subscribers in more than 30 countries

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Science
    • Travel
    Alien

    Scientists expand search for signs of intelligent alien life

    Fish. Image credits - Sebastian Pena Lambarri / Unsplash

    Fish moving to colder waters to survive

    Mars

    Mars bar plastic wrapper swapped for paper

    Emirates

    All Emirates passengers can now avail of free Wi-Fi connectivity onboard

    Exercise. Image credits - Victor Freitas @victorfreitas / Unsplash

    5 healthy habits that are easy to add to your day

    Global concern over babies born too soon

    Global concern over babies born too soon

    Nigerian chef Hilda Effiong Bassey

    Nigerian chef cooks for 100 hours in world record attempt

    Batik Air

    Batik Air reinstates daily services between Colombo and Kuala Lumpur

    Confucius tells us how to set ourselves free with ritual

    Confucius tells us how to set ourselves free with ritual

    Sri Lankans enjoy a walk in the beach

    My trip to Sri Lanka restored faith in fellow humans: Australian tourist

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Tech
    Whatsapp

    WhatsApp introduces new feature to edit sent messages

    WhatsApp

    WhatsApp will allow users to lock and hide conversations

    Whatsapp. Image credits - AARN GIRI / Unsplash

    WhatsApp announces multi-device feature to support more than one phone

    Apple store in Mumbai

    Apple says ‘Hello Mumbai’ at first India store launch

    WhatsApp

    WhatsApp to introduce five new features in 2023 

    OpenAI has created ChatGPT, a start-up focused on artificial intelligence and its potential use cases. (Image source: OpenAI)

    ChatGPT banned in Italy over privacy concerns

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Coronavirus
  • Videos
NewsIn.Asia
No Result
View All Result
Home Coronavirus

The gloom which enveloped Sri Lanka in 2020 is lifting

Editor by Editor
January 2, 2021
in Coronavirus, Economy, Sri Lanka
Reading Time: 5 mins read
6 0
A A
The gloom which enveloped Sri Lanka in 2020 is lifting
Share on WhatsApp

By Sugeeswara Senadhira/Daily News

Colombo, January 1: Heaving a sigh of relief over the end of the pandemic-ridden 2020, the people of Sri Lanka and other countries are looking forward to 2021 with great hope. 2020 was one of the worst in living memory. It marked an unprecedented global economic downturn, leading to negative economic growth in most countries.

The New Year has dawned with a positive outlook as several vaccines were invented to prevent the COVID-19 virus from continuing to wreak havoc and bringing economic and social activities to a standstill. After months of economic recession, collapse of production, lockdowns and unemployment, there was a slow but steady recovery in economic activities towards the end of the year, giving hope for substantial recovery in 2021.

ADVERTISEMENT

Optimism about the New Year was evident from the outpouring of expectations from all segments of the society beginning from President Gotabaya Rajapaksa. He expressed the belief that overcoming challenges in the New Year will not be as hard as in the year that just ended. That is because the government has already planned the pathway needed with a clear perception, he said, confirming his satisfaction over the foundation laid for the rapid implementation of planned programs.

The United States, the worst-hit country by the COVID-19 pandemic, has already introduced two new vaccines (Pfizer and Moderna) and the British Oxford University/AstraZeneca vaccine too has just been approved in the UK giving a new optimism to the people who almost lost hope with rapidly growing gloom and pessimism. These vaccines (and some others that are due to be approved soon) may be more suitable for countries such as Sri Lanka as they can be stored at normal refrigerator temperatures, unlike the Pfizer and Moderna vaccines which call for storage temperatures of -80 Celsius and -20 Celsius respectively.

Most rural hospitals in Sri Lanka do not have the necessary cold chain infrastructure to store such vaccines. China and several other countries have approved the Chinese-made Sinopharm vaccine, which too does not need a cold chain.

In Sri Lanka, the first two phases of the pandemic were well controlled within a short span of time. However, the third attack came with a vehemence that took the health authorities and the people unawares and unprepared. Nevertheless, the government took immediate and effective action to keep the pandemic under control and isolated in a few pockets. Instead of opting for a total countrywide lockdown, the authorities went for selected lockdowns and isolations, a strategy that seems to be working well.

Yet, the crisis is not over and the extent of the impact on the economy and recovery will depend on the duration and spread of the virus which are still uncertain. Sri Lanka should also be on guard against more transmissible variants of the virus circulating elsewhere in the world. The steps taken to revive economic activities while managing the pandemic have already yielded results. Already some of the economic spheres show healthy signs of recovery.

President Gotabaya Rajapaksa said that after the commencement of the journey towards prosperity that the government had initiated, the country was compelled, together with the rest of the world, to fight the COVID-19 pandemic. He pointed out that amidst formidable challenges and obstacles, the government was able to lay the foundation for sustainable development while prioritizing national aspirations.

The Health authorities say there is a glimmer of hope with the use of the vaccine(s). At the same time economists feel that it may be at the end of next year that COVID-19 will be contained for the global economy and economic life to return to normal, or to what has been described as a ‘New Normal’.

One of the most severe impacts of the COVID-19 outbreak was felt in the global tourism sector. Sri Lanka’s tourist arrivals crashed due to COVID-19, with lockdowns and closing of its international airports as well as health regulations enforcing social distancing. Realizing that recovery is dependent on the economic bounce back of Sri Lanka’s main tourism source markets and the opening of international borders, the government has allowed limited tourist arrivals.

The first chartered flight carrying tourists arrived in the country on Tuesday. However, with the detection of three COVID patients in the first two flights from Ukraine and the new virus variant found in the United Kingdom, there is bound to be rethinking on the early opening of doors for tourists.

Investments are vital for Sri Lanka to speed up economic revival. However, there will be potential delays in investment activity over the next couple of months, owing to the uncertain economic conditions. Fortunately for the affected countries, economists expect a gradual but noticeable economic recovery fuelled by a surge in corporate profits, a strong housing market and the successful rollout of various vaccines. 

“The COVID-19 recession is over, and the economy is currently in an early-cycle expansion,” says Dr Sophia Koropeckyj, Managing Director of Industry Economics at Moody’s Analytics, a research firm based in Pennsylvania, USA.

However, for most businesses, normality will return only gradually. During the first half of 2021, bankruptcies will increase the number of permanent job losses. But Dr. Koropeckyj is confident that the economy will regain its stride in the second half of the year, when a vaccine or treatment becomes widely available.

According to the forecasts from the International Monetary Fund (IMF), due to COVID-19, Gross Domestic Product (GDP) growth is expected to fall to -0.5 percent in 2020 and pick up to 4.2 percent, subject to the post-pandemic global economic recovery.

President Gotabaya Rajapaksa, in his New Year Message, assured that the government is determined to further strengthen the steps that it had already taken to meet the expectations of the people. The new government was formed with the objective of securing a people-centric development and to protect and preserve the national identity, he said, adding that no room should be left for the erosion of confidence that government will not go against the country and the people’s will.

The dawn of the New Year motivates us to move towards a new meaningful height in life while providing an opportunity to clearly understand the challenges we face at each passing moment, the President said. “We welcome 2021 with positive attitudes, determination and absolute commitment. The prime responsibility of the government is to make the ‘Saubhagyaye Dekma’ policy framework (‘Vistas of Prosperity and Splendour’), a reality,” he said.

END

Tags: 2021coronavirusSri Lanka

Related Posts

Jayantha Dhanapala was a prime mover of nuclear disarmament
Around The World

Jayantha Dhanapala was a prime mover of nuclear disarmament

June 4, 2023
Giant leatherback sea turtle washes up on Panadura beach
Around South Asia

Giant leatherback sea turtle washes up on Panadura beach

June 3, 2023
Rain. Image credits - Max Bender @maxwbender / Unsplash
Around South Asia

Southwest monsoon to gradually establish across Sri Lanka

June 3, 2023
Imports. Image credits - Paul Teysen @hooverpaul55 / Unsplash
Around South Asia

Import restrictions on nearly 400 items to be relaxed

June 2, 2023
President says Sri Lanka will be a thriving nation by 2048
Economy

President says Sri Lanka will be a thriving nation by 2048

June 2, 2023
The Social Progress Imperative Report 2022— India has its work cut out for it
Around The World

The Social Progress Imperative Report 2022— India has its work cut out for it

June 2, 2023
  • Electricity

    Power cut schedule for today in Sri Lanka: Uninterrupted power supply

    60244 shares
    Share 24120 Tweet 15052
  • Registration open for National Fuel Pass

    6641 shares
    Share 2694 Tweet 1645
  • Foreign Currency Official Exchange Rates from Central Bank of Sri Lanka

    1858 shares
    Share 750 Tweet 462
  • WATCH : Yohani’s first live performance in India

    790 shares
    Share 329 Tweet 192
  • Power interruption schedule released: Check your area power cut time

    742 shares
    Share 320 Tweet 176
  • About Us
  • Advertisements
  • Privacy Policy
  • Contact

© 2022 All rights reserved.

No Result
View All Result
  • Home
  • Around South Asia
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
  • Around The World
  • Breaking News
  • Business
    • Exchange
  • Climate Change
  • Governance
    • Crime
    • Diplomacy
    • Defense
    • Human Rights
    • Politics
    • Strategic Affairs
  • Lifestyle
    • Books
    • Entertainment
      • Arts
      • Cinema
      • Gaming
      • Music
      • Movie
      • Series
      • TV
    • Health
    • Fashion
    • Food
    • Travel
  • Culture
    • Ethnicity
    • Gender
  • Development news
  • Economy
  • Education
  • Environment
  • Coronavirus
  • History
  • National
  • Offbeat
    • Media
    • Music and arts across South Asia
  • Recommended
    • Headlines
    • Highlights
    • Top Picture
    • Top Story
  • Religion
  • Science
  • Sports
    • Football
    • Cricket
      • LPL
      • IPL
    • Tennis
    • Formula 1
    • NBA
  • Tech
    • Instagram
  • United Nations
  • Weather
  • World
    • Japan
    • Russia
    • United States
  • Videos

© 2022 All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

eskisehir escort -

https://www.vudols.com/

- Sağlık Personeli - mersin escort - Antalya korsan taksi -
ip booter