Sri Lanka Economic Outlook
October 18, 2016Sri Lanka’s economic performance was lackluster in H1 as a result of severe floods and subdued industrial production. On 23 September, the first IMF review, on which the Fund’s latest loan is conditional, concluded that the government was meeting all its quantitative targets and effectively tightening the country’s fiscal and monetary policies. The latter, according to the IMF authorities, has “contributed to improving market confidence and easing pressures on external balances.” However, the Fund urged implementation of the value-added tax hike, which was presented in Parliament on 4 October. Meanwhile, an Economic and Technology Co-operation Agreement with India is likely to be signed before year-end, which will expand Sri Lanka’s access to the rapidly growing Indian market.
Sri Lanka Economy Data
5 years of Sri Lanka economic forecasts for more than 30 economic indicators.
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Sri Lanka Facts
|Exchange Rate||147.4||-0.09 %||Oct 26|
Sri Lanka Economic Growth
October 18, 2016Robust levels of investment and a buoyant tourist sector will fuel growth this year, despite the country’s structural imbalances. Our panelists see the economy expanding 4.8% in 2016 and 5.0% in 2017.