Economy has responded quickly, says Central Bank Governor.

Tuesday, 01 January 2013 - 19:22

Economy+has+responded+quickly%2C+says+Central+Bank+Governor.+

Central Bank Governor Ajith Nivard Cabraal said that Sri Lanka's economy has responded quickly to corrective measures and is looking for stronger growth this year with the budget gap for 2012 on track, and the exchange rate strengthening again.

 

According to the governor of the Central Bank, this is the fastest adjustment period in our history, and therefore, we can look at the New Year, with a lot of confidence.

 

The central bank is expecting economic growth to rebound to 7.5 percent of gross domestic product in 2013, from 6.7 percent in 2013.



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