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Wednesday, 1 May 2013

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IMF projects growth of over 6 p.c for Lanka

The International Monetary Fund projects Sri Lankan economy to grow by 6.3 percent in 2013 and 6.7 percent in 2014. This prognosis is made in IMF’s ‘Asia Pacific Region Economic Outlook 2013.’ The growth forecast for this year is 0.5 percent lower than that was predicted in IMF’s October 2012 World Economic Outlook.

For 2014, it is 0.3 percent higher than the October 2012 assessment.

In Sri Lanka, growth is expected to remain broadly stable, as continued macro economic stabilization should restrain domestic demand, while export growth is projected to remain tepid.

 

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