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Trade+deficit+declines+in+first+seven+months
Monday, 29 September 2014 - 8:33
Trade deficit declines in first seven months
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The Sri Lankan economy performed strongly during the second quarter of 2014 with a real GDP growth of 7.8 percent compared to the 7.6 percent in the first quarter of 2014.

The growth in the second quarter was led by robust performance in the Industry sector, while the Agriculture and Services sectors complemented the overall economic performance.

The growth of 7.7 percent in the first half of 2014 augurs well in meeting the expectations for the year.

The low inflation environment continued as inflation remained benign in August 2014 with year-on-year headline inflation at 3.5 percent and core inflation at 3.9 percent.
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