Oil prices hit lows not seen since 2021 amid U.S.-China tariff war and rising supply, sparking global demand concerns.
![Oil prices hit lows not seen since 2021 amid U.S.-China tariff war and rising supply, sparking global demand concerns. [Image via Reuters/File]](https://southasiatimes.org/wp-content/uploads/2025/04/IIKDKDBR4JIZHA2HPEB2XXDM2I.webp)
![Sri Lankan protesters storm PM Ranil Wickremesinghe 's office, demanding he resign [Rafiq Maqbool/AP]](https://southasiatimes.org/wp-content/uploads/2022/04/383712639.webp)
Sri Lanka: The Great Economic Recession
Sri Lanka is witnessing the worst economic crisis in history. Varying hypotheses exist as to what brought this calamity over Sri Lanka. Internal economic policies coupled with systemic factors pushed Sri Lanka into a debt pile it does not seem to be coming out of.
