Sri Lanka Economic Outlook
January 22, 2019The country appears to be slowly recovering in the fourth quarter, following the constitutional crisis that paralyzed the economy in Q3. On 15 December, Ranil Wickremesinghe was finally reinstated as prime minister, which helped stem the hemorrhage of capital outflows. The rupee also stabilized in recent weeks from the all-time low against the dollar reached at the end of December. In other positive news, the country is also expected to receive an IMF delegation in February to resume discussions on an ongoing USD 1.5 billion loan program. Nevertheless, political tensions are expected to linger, which threatens progress on fiscal consolidation efforts.
Sri Lanka Economic GrowthPolitical tensions could threaten Sri Lanka’s economic prospects, given its current account and fiscal deficits already make the country extremely vulnerable to shocks. FocusEconomics panelists expect growth of 3.9% in 2019, which is down 0.2 percentage points from last month’s forecast, and 4.1% in 2020.
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||179.4||0.02 %||Jan 30|
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