Sunday, 06 April 2014 - 19:48
Rapid economic growth forecast in 2014 and 2015 - ADB
Asian Development Outlook 2014, the flagship annual economic publication from the Asian Development Bank released last week forecasts 7.5 percent economic growth in Sri Lanka in 2014 and expects it to remain at that level in 2015.
The report said that the improved external environment, higher investments, and recovery in domestic consumption will sustain a rapid pace of GDP growth in the next two years.
Sri Lanka's economy recorded 7.3% growth in 2013, supported by strengthening domestic demand on an eased monetary policy and improvement in exports and tourism.