masthead image 1 masthead image 2 Forecasting and Analysis

GLOBAL ECONOMICS

Sri Lanka

23 May 2013GDP growth seen rising to 6.7% in 2013 and about 7% in 2014 as tourism, workers’ remittances and looser monetary policy drive pick-up in activity
19 November 2012GDP growth slowed to 6.4% in Q2, with industrial output weakening markedly as export-orientated industries have been hit hard by lower external demand
24 July 2012GDP growth seen slowing to around 7% this year from over 8% in 2011 as drought, inflation and high external deficit offset impact of rising tourism
4 October 2011Growth close to 8% in H1 but will slow in H2; more eurobond success supports gradual deficit reduction but IMF push for flexibility maintains currency risk
15 March 2011Investment lifted growth to 8% in 2010 as fiscal and monetary policy stayed relaxed, but import surge and inflation up to 8% will force slowdown this year
6 September 2010Political stability and post-conflict rebound lifted GDP growth to 7% in Q1 this year, a pace that should be sustained for 2010 overall as tourism surges
13 April 2010Big election wins for Rajapakse and ruling UPFA promise period of stability and reforms, with GDP growth and tourism picking up strongly since mid-2009
21 January 2010Growth seen above 6% this year after 3.5% in 2009, as end of conflict boosts investment and tourism ahead of early elections
13 July 2009End to war boosting prospects for tourism and FDI, but growth seen slowing to 3% this year before accelerating in 2010
15 January 2009Tamil Tigers close to defeat but growth to slow to around 3% this year as ongoing conflict and global downturn take their toll
2 July 2008Growth down to 6.8% in 2007 and will slow further as increased food and fuel prices and deficit finance costs push inflation above 26%
28 March 2008Growth to stay strong in 2008 despite end of ceasefire, but risks from rising debt, high inflation and sanctions threat over human rights
30 November 2007Growth holding above 6% in H1 2007, but higher rates to counter inflation close to 20% in October will slow economy next year
27 March 2007Slide in tourist arrivals in Q4 likely to have held 2006 GDP growth to 7.0%, higher rates to curb activity in 2007
18 September 2006Growth to hold above 5% on buoyant tourism unless political violence escalates
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