Macro Analysis /
Sri Lanka

Sri Lanka: Chemical spill unlikely to alter weak tourism recovery

  • Chemical spill will have devastating ecological effects, but macro impact likely to be minimal (0.1-0.2% of GDP max)

  • Covid wave likely to hamper tourism recovery, with minimal earnings before Dec-Mar peak season

  • BOP pressures will therefore persist; retain Hold on Sri Lanka ‘21s and ‘24s and bearish outlook for equities

Sri Lanka: Chemical spill unlikely to alter weak tourism recovery
Patrick Curran
Patrick Curran

Senior Economist

Hasnain Malik
Hasnain Malik

Strategy & Head of Equity Research

Tellimer Research
4 June 2021
Published byTellimer Research

Watchlist

Tellimer | Start Following

Start following your markets today

Follow your key analysts, markets and more so they appear here in your Watchlist - allowing you to keep an eye on the latest updates.