Financial Times FT.com

Crunch time for an embattled economy

By Joe Leahy in Colombo

Published: January 3 2008 17:08 | Last updated: January 3 2008 17:08

In the pile of garlic on his vegetable cart Richard Amith sees exactly what is ailing Sri Lanka’s economy.

The price of garlic – an important ingredient in many local dishes – has almost doubled in six months, says the Colombo street hawker, and the same is true for the other vegetables on his trolley.

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