Sri Lanka’s GDP growth slows amid rising oil prices from Middle East conflict

Middle East conflict has triggered a surge in oil prices, which have surpassed $100 and reached a new all-time high of 15.5% by December 31. This volatility is causing Sri Lanka's GDP growth to slow and is expected to increase gas prices. Globally, these rising costs threaten supply chains, potentially straining economies and increasing inflation, which may force a shift in energy policy priorities worldwide as nations react to the ongoing regional tensions.