Written by Lahiru Fernando
03 Jan, 2018 | 10:05 pm
Sri Lanka’s economic growth in 2018 will bounce back between 5 to 5.5% from a less than 4% growth in 2017, says the Central Bank.
The weather affected economy is expected to turnaround with global economic recovery and domestic and foreign direct investment in 2018. However, the Central bank said “it will be cautious”.
Dr. Indrajit Coomaraswamy -the Central Bank Governor- said “the economy is stabilizing and is on the right track”
The Central Bank also said:
According to the Governor, CBSL is “looking to enforce stringent regulatory mechanisms in the interest of depositors and that it has advised governments in the past not to allocate public funds to bail out financial institutions in distress.”
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