SL Inflation to remain single digit - ADB

Thursday, 11 April 2013 - 13:26



ADB’s flagship annual economic publication Asian Development Outlook 2013, says Sri Lanka’s economic growth is expected to recover gradually to 6.8% in 2013 and to 7.2% in 2014.

Sri Lanka’s performance in 2012 reflected a strong showing in industry, which grew by 10.3%, driven by a doubling of growth in construction.

Services sector growth, however, slowed down due to subdued international trade and the impact of tightened monetary policy measures.