Written by Amani Nilar
17 Sep, 2021 | 3:42 pm
COLOMBO (News 1st): The Department of Statistics says that the economic growth rate has increased by 12.3% in the second quarter of this year on an year-over-year basis.
A release issued by the department further states that the economic growth in the first quarter of this year was at 8% on an year-over-year basis.
The release states that an economic growth has been observed despite the pandemic due to the Government allowing certain sectors to remain in operation within the COVID-19 lockdown period.
As a result, a growth in the Agriculture sector (8.1%), the industries sector (26.5%) and the services sector (7.5%) has been observed, the Statistics Department says.
The newly-appointed Governor of the Central Bank, Ajith Nivard Cabraal also mentioned that the Government’s objective is to maintain a high level of economic growth despite the pandemic.
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