Macroeconomic Forecast Sri Lanka

March 2008 | Macroeconomic Forecasts

BMI View:We are estimating real GDP expansion of 6.3% in 2007, and envisage a deceleration to 6.0% in 2008, because the civil war is clearly escalating. In February we raised our end-08 rupee forecast to LKR108/US$ from LKR111/US$ previously to reflect the currency's recent appreciation, but we still believe that the rupee is vulnerable to external shocks, thanks to its massive trade deficit and runaway

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.