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Monday, 07 August 2017 - 8:49
CB predicts modest recovery in GDP growth
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The Central Bank said that a modest recovery in GDP growth could be expected in the 4th quarter following the lower growth recorded in the first quarter this year.

The economy grew by 3.8 percent in the first quarter this year. The GDP for the quarter was 2 million 161,770 rupees compared to 2 million 082,544 during the corresponding period last year.

The Bank noted that the recovery in the agricultural sector, the positive performance in the industry and services sectors and the reinstatement of the GSP Plus are expected to contribute to economic growth.

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