Written by Lahiru Fernando
01 Feb, 2018 | 8:33 pm
In a review of the performance of the economy in 2017 and the outlook for 2018, Central Bank Governor Dr. Indrajit Coomaraswamy said Sri Lanka’s economic growth must be driven by reforms as opposed to deficit spending which has resulted in higher inflation.
Addressing a seminar organized by the Ceylon Chamber of Commerce, the governor said the economy is showing signs of progress and investors are beginning to show confidence in Sri Lanka.
According to the Central Bank, Sri Lanka’s economic growth for 2017 is projected below 4% of GDP despite the potential to reach 5.75 % of GDP.
Here are some highlights of Governor Indrajit Coomaraswamy’s speech:
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