Fiscal Balance in Sri Lanka
Sri Lanka - Fiscal BalanceThe economic growth was likely dejected in the second quarter, mainly due to a freefall in tourist arrivals following the Easter bombings. Moreover, industrial production growth averaged much lower in Q2 relative to the first quarter, as did the manufacturing and services PMI readings. That said, the economy appeared to get back on its feet towards the end of the quarter, with the services PMI returning to expansionary territory in June and the manufacturing PMI picking up in the same month. Turning to Q3, government measures to bolster the tourism sector—coupled with looser monetary policy and an extension of the IMF program—should be shoring up activity. Indeed, the fall in tourist arrivals, while still sharp, moderated in July.
Sri Lanka - Fiscal Balance Data
|Fiscal Balance (% of GDP)||-5.2||-6.2||-7.0||-5.4||-5.5|
5 years of economic forecasts for more than 30 economic indicators.
Sri Lanka Fiscal Balance Chart
Sri Lanka Facts
|Exchange Rate||180.6||0.02 %||Sep 04|
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