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Sri Lanka’s economy is projected to see moderate growth of 2.2% in 2024, showing signs of stabilization, following the severe economic downturn of 2022. But, the country still faces elevated poverty levels, income inequality, and labor market concerns, says the World Bank's latest bi-annual update.
- Sri Lanka Development Update 2024
Sri Lanka's recent economic stabilization, marked by four...
- Sri Lanka Development Update 2023
The latest Sri Lanka Development Update (SLDU) projects the...
- Sri Lanka Development Update 2024
10 paź 2024 · Sri Lanka's recent economic stabilization, marked by four quarters of growth and a current account surplus in 2023, is a significant milestone. At this moment, Sri Lanka has a real opportunity to realize its export potential, which we estimate at $10 billion annually.
3 paź 2023 · The latest Sri Lanka Development Update (SLDU) projects the country’s economy to contract by 4.3 percent in 2023, as demand continues to be subdued, job and income losses intensify, and supply-side constraints adversely affect production.
The current and projected economic growth in Sri Lanka, compared with other developing countries in South Asia.
In brief. Sri Lanka's economy will rebound in 2024, following two consecutive years of contraction, although the economy will continue to grow below trend owing to a severely damaged policy infrastructure hampering the revival of its textiles industry.
11 paź 2024 · The World Bank yesterday announced that Sri Lanka’s economy has shown signs of stabilisation, projecting growth to surpass the earlier estimate of 2.2% now expected to reach 4.4% in 2024. This positive outlook follows four consecutive quarters of growth, primarily driven by the industrial and tourism sectors.
1. Economic Performance and Outlook. Snapshot of the Sri Lankan Economy. 2. National Output, Expenditure and Employment. 3. Economic and Social Infrastructure. 4. Prices and Wages.
