Economy / Sri Lanka
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Macroeconomic Forecast Sri Lanka
November 2006 | Macroeconomic ForecastsSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Rising global oil prices and continuous fighting between the government and the rebels will continue to cast a shadow on Sri Lanka's US$23bn economy. The Asian Development Bank (ADB) has already downgraded Sri Lanka's growth to 6.0% in 2006. BMI believes that unless peace talks are initiated, investment and tourism will continue to shy away. An increase in defence expenditure will strain finances. We expect growth to remain under 6.0% in 2006.