Tourism helps Sri Lanka make slow recovery

Challenges remain as exports decline due to weak demand in key markets

While Sri Lanka's economy has shown signs of life thanks to the revival of tourism, recovery remains slow because of challenges such as declining exports and loan repayments, experts have said.

Moreover, residents still await a significant upturn in their standard of living, while the country announced a five-day bank holiday from Thursday to next Monday to provide time for domestic debt restructuring.

The South Asian nation's Central Bank Governor Nandalal Weerasinghe assured the media on Sunday that bank transactions would not be affected during that period.