For the better part of two years, Sri Lanka's official story has been one of steady recovery: inflation tamed, reserves rebuilt, a debt restructuring all but complete, and an International Monetary Fund that keeps urging the government to "stay the course". Beneath that narrative, however, a cluster of pressures is now converging, some homegrown, some bearing down from a volatile world, that together make the recovery look a good deal more fragile than the reassurances suggest. [...]