Sri Lanka’s prime minister says economy has ‘completely collapsed’

Ranil Wickremesinghe's comments come as island faces its worst crisis in recent memory, though PM didn't cite any new developments

Sri Lanka's debt-laden economy has collapsed" after months of shortages of food, fuel and electricity, the prime minister told lawmakers in comments that underscored the country's dire situation as it seeks help from international lenders.

Ranil Wickremesinghe told parliament the South Asian nation faces a far more serious situation than the shortages alone, and he warned of a possible fall to rock bottom."