Economy / Sri Lanka
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.
Macroeconomic Forecast Sri Lanka
June 2005 | Macroeconomic ForecastsSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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.
Sri Lanka's tsunami-hit economy is set to slow in 2005. According to BMI forecasts, real GDP growth will fall to 4.5% from last year's 5.4%. The standoff between President Kumaratunga and her coalition allies is is adding to the already difficult economic environment. At its June 15 policy meeting, the Central Bank of Sri Lanka raised its main reverse repo rate by half a percentage point to 9.75%, the second rate hike in two months. We believe the bank's move may be aimed at supporting the currency, the rupee, which has been hit hard by heightened political risk