Economic consequences of Easter Sunday attack

Nearly a decade after the end of a 30 years long brutal war, Sri Lanka experienced a series of horrific attacks on the Easter Sunday morning. Deadly bombing claimed more than 253 lives of innocents and wounded more than 500. The mentioned tragic events on the Easter Sunday and the aftermath have left a lasting impact. Extremists struck at a time when the country was named as the top tourist destinations for the year 2019 by “Lonely Planet”. The aggregate impact of the attack has paralyzed the island. Consequences might be severe than expected as the economy was feeble even before the attack. Overall impact has not yet measured and Central Bank governor, Indrajit Coomaraswamy told to CNBC news on 26th April 2019 “it is far too early to quantify the long term economic impacts of the attack.”  However, immediate hits can be measured. Impact on tourism sector, stock market, economic growth, balance of payment and fiscal system is being felt in the immediate to medium run. Impact on macro level is crucial and would create serious political and social disruption throughout the country.

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