Sri Lanka: Rajapaksas like it's 2010 (in one chart)
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Super majority evokes hope of decisive policy on security and economy but fear of authoritarianism and fiscal profligacy
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Fiscal deficit of 10%, external debt 70% of GDP, IMF deal point to austerity but pressure on economy point to stimulus
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Impossible square to circle but equities (MSCI SL) are cheap at 50% discount to 5y median PB vs 20% for non-Tech Asia EM
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This report is independent investment research as contemplated by COBS 12.2 of the FCA Handbook and is a research recommendation under COBS 12.4 of the FCA Handbook. Where it is not technically a research recommendation because the subject of the research is not listed on any European exchange, it has nevertheless been treated as a research recommendation to ensure consistent treatment of all Tellimer's research. This report has been produced by the analyst(s) named above (the "Analyst").
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This research is produced by a third party. The Tellimer team has had no editorial input into the content of the note.