When Sri Lanka’s crisis exploded, some were ready with generators and cryptocurrencies ...Middle East

The most striking thing about Sri Lanka’s economic crisis is how predictable it was.More than a year ago, many citizens began to realise that reckoning was inevitable. They began to fortify themselves—some to profiteer, others to simply stay afloat.“That there would be a crisis was obvious since at least November 2020,” said Dhananath Fernando, COO of Advocata, an economics-focussed think-tank based in capital Colombo. “Economists have been raising red flags on the debt crisis since 2020.”Read the rest of this story on qz.com. Become a member to get unlimited access to Quartz’s journalism.

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