Economy / Sri Lanka
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Strong Growth Masks Daunting Challenges
April 2007 | Economic OutlookSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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BMI View: Although Sri Lanka's real GDP growth accelerated to 7.4% in 2006 - its best performance since 1978 - from 6.0% in 2005, the economy faces mounting challenges, and is likely to slow significantly this year. The ongoing civil war is a major factor, but so too are the wide fiscal and current account deficits, and high inflation.