May 26, 2019
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    The World Bank which forecast global economic growth to edge up this year with strong input from Asia said Sri Lanka’s GDP is projected to rebound from last year’s 3.1% to 4.8% in 2018, and 4.5% in 2019. “In Sri Lanka, economic activity has been recovering from the effects of last year’s natural disasters including floods and droughts.

    With robust private consumption and investment, GDP growth is projected to rebound this year,” Ekaterine Vashakmadze and Temel Taskin, economists of the World Bank said. Sri Lanka’s economy took a dip last year recording one of the lowest GDP growth rates percentage in recent years partly due to adverse weather that suppressed agricultural output.

    The Bank expects inflation to stabilise in the mid-single digit levels this year as the disruptions of natural disasters wear off. Inflation dipped from 2.8 % in March to 1.6 % in April this year and is projected to remain below the single mid digit level this year by the Central Bank. “Fiscal deficit should narrow with measures improving revenues. The external sector will continue to benefit from the Generalised Scheme of Preferences plus preferential access to the European Union and from tourism receipts,” the World Bank’s economists said.

    The World Bank which forecast global economic growth to edge up this year with strong input from Asia said Sri Lanka’s GDP is projected to rebound from last year’s 3.1% to 4.8% in 2018, and 4.5% in 2019. “In Sri Lanka, economic activity has been recovering from the effects of last year’s natural disasters including floods and droughts.

    With robust private consumption and investment, GDP growth is projected to rebound this year,” Ekaterine Vashakmadze and Temel Taskin, economists of the World Bank said. Sri Lanka’s economy took a dip last year recording one of the lowest GDP growth rates percentage in recent years partly due to adverse weather that suppressed agricultural output.

    The Bank expects inflation to stabilise in the mid-single digit levels this year as the disruptions of natural disasters wear off. Inflation dipped from 2.8 % in March to 1.6 % in April this year and is projected to remain below the single mid digit level this year by the Central Bank. “Fiscal deficit should narrow with measures improving revenues. The external sector will continue to benefit from the Generalised Scheme of Preferences plus preferential access to the European Union and from tourism receipts,” the World Bank’s economists said.

    The World Bank which forecast global economic growth to edge up this year with strong input from Asia said Sri Lanka’s GDP is projected to rebound from last year’s 3.1% to 4.8% in 2018, and 4.5% in 2019. “In Sri Lanka, economic activity has been recovering from the effects of last year’s natural disasters including floods and droughts.

    With robust private consumption and investment, GDP growth is projected to rebound this year,” Ekaterine Vashakmadze and Temel Taskin, economists of the World Bank said. Sri Lanka’s economy took a dip last year recording one of the lowest GDP growth rates percentage in recent years partly due to adverse weather that suppressed agricultural output.

    The Bank expects inflation to stabilise in the mid-single digit levels this year as the disruptions of natural disasters wear off. Inflation dipped from 2.8 % in March to 1.6 % in April this year and is projected to remain below the single mid digit level this year by the Central Bank. “Fiscal deficit should narrow with measures improving revenues. The external sector will continue to benefit from the Generalised Scheme of Preferences plus preferential access to the European Union and from tourism receipts,” the World Bank’s economists said.

    The World Bank which forecast global economic growth to edge up this year with strong input from Asia said Sri Lanka’s GDP is projected to rebound from last year’s 3.1% to 4.8% in 2018, and 4.5% in 2019. “In Sri Lanka, economic activity has been recovering from the effects of last year’s natural disasters including floods and droughts.

    With robust private consumption and investment, GDP growth is projected to rebound this year,” Ekaterine Vashakmadze and Temel Taskin, economists of the World Bank said. Sri Lanka’s economy took a dip last year recording one of the lowest GDP growth rates percentage in recent years partly due to adverse weather that suppressed agricultural output.

    The Bank expects inflation to stabilise in the mid-single digit levels this year as the disruptions of natural disasters wear off. Inflation dipped from 2.8 % in March to 1.6 % in April this year and is projected to remain below the single mid digit level this year by the Central Bank. “Fiscal deficit should narrow with measures improving revenues. The external sector will continue to benefit from the Generalised Scheme of Preferences plus preferential access to the European Union and from tourism receipts,” the World Bank’s economists said.

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