Sri Lanka Economic Outlook
July 17, 2018The economy appears to have lost some steam in Q2 2018 after expanding healthily in the preceding quarter. The trade deficit widened on surging imports growth in April while industrial production expanded in May after declining in April. The currency has weakened since late April, reaching an all-time low on 20 June. Although it stabilized at the beginning of Q3, it remains under pressure due to monetary policy normalization in major economies and higher prices for energy imports, which could cause the current account deficit to swell.
Sri Lanka Economic GrowthThe economy is expected to grow at a solid pace on the back of strong growth in services and a recovery in the agricultural and industrial sectors. FocusEconomics panelists expect growth of 4.2% in 2018 and 4.5% in 2019.
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||159.8||0.02 %||Aug 07|
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