Sri Lanka’s economy stabilises with growth expected to reach 4.4 % in 2024: WB

10 October 2024 02:06 pm Views - {{hitsCtrl.values.hits}} 9 Bookmark

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Colombo, October 10 (Daily Mirror)- The Sri Lankan economy has stabilised with growth expected to reach 4.4 percent in 2024, surpassing earlier forecasts, the World Bank (WB) said today.

The World Bank’s bi-annual Sri Lankan development update titled ‘Opening Up to the Future', however cautioned that the recovery remains fragile and hinges on maintaining macroeconomic stability, successfully restructuring debt and continuing structural reforms to increase medium-term growth and reduce poverty.

Comments - 9

SP Thursday, 10 October 2024 02:16 PM

Great news! Hopefully the AKD government will build on this sound foundation he got without messing it up.

3 40

mk Thursday, 10 October 2024 02:22 PM

All the NPP supporters: "its all because of AKD"

9 30

melbournian Thursday, 10 October 2024 02:34 PM

good news for current govt(thought they have nothing to do with this) but they need to try 6-8% GDP growth to enter upper mid, at least like Malaysia in next 20 yrs

2 24

Labby Thursday, 10 October 2024 02:36 PM

Thank you Ranil for your smart and honest work. We hope the new administration will build on what you founded.

11 42

karu Thursday, 10 October 2024 02:42 PM

I am not expecting a lot from AKD. Build a solid foundation for the country which devastated by Ducks for decades

3 24

Neo Thursday, 10 October 2024 03:00 PM

This should be the baseline for the new NPP government. A growth rate below 4.4 should not be tolerated by voters.

0 19

Rip Winkle Thursday, 10 October 2024 03:39 PM

I find it amusing that the World bank makes no mention of the corruption which brought this nation to it's knees or about a possible future upward trajectory in growth contributed by the eradication of corruption under the new government.

11 7

Liberal One Thursday, 10 October 2024 03:47 PM

Because world bank has economists not politicians.

0 12

This is NPP's achievement Thursday, 10 October 2024 03:45 PM

Thank you, Hon Ranil Wickramasinghe for shouldering the burden of reviving the economy after the 2022 economic debacle. At that time there was no one to take up the challenge. All leaders circumvented the responsibility, and I don't need to name who they were. This country is an ungrateful nation. If you were the leader of another nation, the people of that country would have worshiped you and reelected with a landslide victory. Needless to say, we are such an ungrateful nation. Our history itself is a testimony to this, for example, in 1815 how some of our leaders betrayed the nation and only to understand their mistake in 1818. Dear sir, as you mentioned in your farewell speech, your rightful place will be decided not now but in future. I am so happy to say that the "future" has already arrived, within just less than 30 days after you left office!

3 16

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