Sri Lanka’s Economic Chaos Reverses Steady Rise of Middle Class

By Shan Li and Vibhuti Agarwal | Photography by Deepti Ashtana for The Wall Street Journal

For many years, Trichlet Decruz lived a comfortable life in the capital of Sri Lanka. The 42-year-old traveled abroad for vacations, dined out with her family and spent freely at the grocery store.

But all of that ended when the economy nosedived this year, and fuel shortages and sky-high inflation crushed the ship-repair business that she runs with her husband.

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