News
IMF: US reciprocal tariffs pose risk to global economic outlook amid sluggish growth

The International Monetary Fund (IMF) is still assessing the macroeconomic implications of the tariff measures announced by the US Government, IMF Managing Director Kristalina Georgieva said on Friday.
Issuing a statement, Georgieva said the US Tariffs clearly represent a significant risk to the global outlook at a time of sluggish growth.
“It is important to avoid steps that could further harm the world economy. We appeal to the United States and its trading partners to work constructively to resolve trade tensions and reduce uncertainty,” the IMF Managing Director added.
Georgieva further said the IMF will share the results of its assessment in the World Economic Outlook, which will be published at the time of the IMF/World Bank Spring Meetings later this month.
The statement comes as the Donald Trump-led US Government recently imposed reciprocal tariffs on several countries, including Sri Lanka.
A 44% tariff was imposed on Sri Lankan goods by the United States under President Donald Trump’s revised trade policy.
The move, described by the U.S. as a reciprocal measure in response to what it claims are Sri Lanka’s 88% trade barriers on American goods, places Sri Lanka among the countries facing the highest tariff rates globally.
The United States has long been Sri Lanka’s most important export destination, accounting for 23% of total merchandise exports in 2024. Of nearly 3 billion in exports to the U.S. last year, the vast majority—over 70%—came from the apparel sector.
Latest News
Death toll in Gerandi Ella accident rises to 21

It has been reported that the death toll in the Gerandi Ella accident which took place this morning has risen to 21. It has also been reported that the government wil rs 1 million as compensation to the families of the victims.
Latest News
Death toll rises to 11 in Gerandi Ella accident

It has been reported that the death toll in the Gerandi Ella bus accident has risen to 11
Latest News
Eight dead dozens injured when SLTB bus goes down precipices in Gerandi Ella, Ramboda

It has been reported that Eight persons [five males and three females] have died when a SLTB bus operating from Kataragama to Kurunegala via Nuwara Eliya, veered off the road and went down a precipice early morning today (11) in Gerandi Ella in Ramboda along the Nuwara Eliya – Gampola main road, Police said.
At least 37 others injured in the accident, have been admitted to the Nuwar Eliya and Kothmale hospitals.
-
Business6 days ago
Aitken Spence Travels continues its leadership as the only Travelife-Certified DMC in Sri Lanka
-
Latest News5 days ago
NPP win Maharagama Urban Council
-
Business6 days ago
LinearSix and InsureMO® expand partnership
-
Business4 days ago
John Keells Properties and MullenLowe unveil “Minutes Away”
-
Sports24 hours ago
ASBC Asian U22 and Youth Boxing Championships from Monday
-
Features24 hours ago
SAITM Graduates Overcome Adversity, Excel Despite Challenges
-
Foreign News2 days ago
Mexico sues Google over ‘Gulf of America’ name change
-
News23 hours ago
Destined to be pope:Brother says Leo XIV always wanted to be a priest