The International Monetary Fund (IMF) is forecasting Sri Lanka’s economy to grow by 2.6% this year down from 3.6% in 2021.
The projection for 2023 is a growth of 2.7% as per the IMF which this week released its forecasts for Asia and the Pacific countries.
IMF Asia and Pacific Department’s Acting Director Anne-Marie Gulde-Wolf said In Sri Lanka, the rise in food and fuel prices and hit to tourism has exacerbated pre-existing vulnerabilities and debt sustainability pressures, leading to social unrest and policy instability.
Source: www.ft.lk
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