Macroeconomic Forecast Sri Lanka

January 2007 | Macroeconomic Forecasts

Official View: The Central Bank of Sri Lanka (CBSL) forecasts 7.0% economic expansion in 2006, which would be the best performance on record, albeit down slightly from an earlier projection of 7.5%. Real GDP growth slowed to 7.5% y-o-y in Q306, decelerating from 7.6% in Q206, and 8.3% in Q106. The CBSL anticipates a further slowdown in Q406 owing to weaker tea production, external trade, and tourism.

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