IMF optimistic on Lanka's GDP growth

Friday, 06 March 2015 - 13:12

The IMF mission said real GDP growth is estimated at 7.4 percent for 2014 and is likely to continue in the relatively robust range of 6 to 7 percent in 2015.

IMF post-aid programme mission head Todd Schneider said Inflation is expected to remain in the low single-digits, although some upward pressure may emerge as higher wages and salaries translate into increase demand.

The external current account improved in 2014 and is likely to strengthen further in 2015 given the lower oil prices and further growth in exports, services trade and inward remittances.