World Economy

Lanka Economy Will Rebound

Lanka Economy Will ReboundLanka Economy Will Rebound

Sri Lanka’s economy will rebound in coming months as the island nation begins to rebuild after devastating floods, and it could still expand by 4.5 to 5.0% for the full-year, central bank Governor Indrajith Coomaraswamy said late Monday, Reuters reported. The central bank had earlier estimated 2017 growth at 5%, higher than last year’s 4.4%, before the floods and landslides in May that killed more than 200 people and hit the agricultural sector hard. In contrast, some main agriculture areas have suffered from severe drought since early this year.


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