Lanka GDP to Grow 5.3%
World Economy

Lanka GDP to Grow 5.3%

Sri Lanka’s gross domestic product is projected to grow by 5.3% until end-2018, compared to a 4.8% growth in 2015 despite the multiple risks and challenges, a World Bank report said. “Growth is expected to increase to 5.3% in 2016 and beyond, driven by increased public investment and postponed foreign direct investments in 2015,” LBO quoted the report as saying. The World Bank said that the complex political environment curtailed FDIs last year, but noted that Sri Lanka would probably not be able to afford public investment through borrowings any longer. “Reduced drag from imports thanks to continued low commodity prices and the recent policy measures to curb import growth would also contribute to the increase in growth. The trade balance is projected to improve with reduced imports on policy tightening and continued low oil prices,” it added. It noted that inflation is likely to be in the range of 4.2-4.3%, following the unusually low inflation experienced in 2015 through pressure from the global environment and the fiscal expansion.


Short URL : http://goo.gl/5bLGcR
  1. http://goo.gl/FCNWZe
  • http://goo.gl/vvgWdU
  • http://goo.gl/93lWLG
  • http://goo.gl/x59lb8
  • http://goo.gl/YDHm8s

You can also read ...

Malaysia Economy Set to Grow
Malaysia’s economy is set to grow this year with gross...
The high resolution MRI, CT, and sonogram images underpin advances in medical diagnosis.
The growth in labor productivity – real output per hour worked...
Growth is forecast at 2.2% in 2017, down from  a previous projection of 2.8%.
UAE’s real GDP growth will slow in 2017, owing to oil...
EU heavyweights France, Germany and Italy argue that there is growing evidence of discrimination, especially by state owned companies and a determined Chinese strategy to secure the most modern European technologies in key industrial sectors.
Both Brussels and Washington are taking steps to force China...
Based on the index  gas, fuels, water and housing, especially  sub-indexes, declined by 2.4% year on year in July.
Subdued demand due to cash shortages in Zimbabwe has resulted...
German Investor Morale Slumps
German investor confidence fell sharply in August, amid...
Pak Current A/C Deficit Widens
Pakistan posted a glaringly high current account deficit of $2...
The surge in European stocks pushed up the MSCI world equity index.
European stocks broke a three-day losing streak on Tuesday,...