Macroeconomic Forecast Sri Lanka

July 2005 | Macroeconomic Forecasts

Sri Lanka's economy strengthened during the first quarter of 2005 despite the impact of the December 26 tsunami. Real GDP expanded by 4.8% y-o-y compared with growth of 4.4% during the fourth quarter of 2004. Services, the economy's biggest sector, fuelled growth, expanding by 5.3% and contributing 2.8 percentage points to growth. Fisheries were hit hardest by the disaster with fish production contracting by 77.5%.The economy's better-than-expected growth during the first quarter means it is now on target to meet our forecast of 4.5% real GDP growth in 2005.

If you would like to subscribe to South Asia Monitor and gain instant access to this article, please click here to subscribe.

If you would like to take a trial to South Asia Monitor please click on the trial link below.