Sri Lanka Economic Outlook
June 19, 2018Despite growing a healthy 3.2% year-on-year in the first quarter, the economy has started showing signs of strain. Capital outflows due to expectations of faster-than-expected U.S. monetary policy normalization led the rupee to lose value since late April; it hit an all-time low against the dollar on 13 June. The Central Bank has stayed on the margins so far, stating in May that there is no need to intervene in the forex markets, as the depreciation is not indicative of weak economic fundamentals at home, and international reserves are expected to increase. The country is expected to receive over USD 252 million from the IMF after satisfactorily completing the fifth review under the Extended Fund Facility program and over USD 1.0 billion in loan payments.
Sri Lanka Economic GrowthSolid growth in domestic demand and a recovery in the agricultural sector should buoy the economy this year and next. Met the why particular panelists expect growth of 4.2% in 2018, unchanged from last month’s forecast, and 4.6% in 2019.
Sri Lanka Economy Data
5 years of Sri Lanka economic forecasts for more than 30 economic indicators.
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Sri Lanka Facts
|Exchange Rate||159.6||0.02 %||Jul 13|
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