SL’S economy to slow down; inflation to rise- IMF
During the last few months, we have seen some very bold measures taken with regards to policy adjustments. The transition to a more flexible exchange rate regime and changes in energy prices were handled in a very orderly fashion. It was a bold policy package that is now starting to show results
BY CHANNA FERNANDOPULLE
Sri Lanka’s economic growth may see a further slow down to a level of 6.75% of GDP, whilst year end inflation has been projected to increase to 9.5%, according to a statement from the Chief of the International Monetary Fund’s Stand-by Arrangement...
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