8 per-cent growth anticipated

4 January 2011 07:42 am - 18     - {{hitsCtrl.values.hits}}


The Central Bank (CB) estimates growth of 8 per-cent for 2010 and expects 8.5 per-cent growth in 2011 with a Gross Domestic Product (GDP) deflator of 6 per-cent, according to the CB Road Map for 2011.

The BOP surplus is expected to be US$ 350 Million and the overall budget deficit is expected to decline in 2011 to 6.8 per-cent of GDP.

Central Bank Governor Ajith N. Cabraal also announced that Foreign Exchange Controls would be relaxed in the coming year.

All registered financial companies are expected to list on the CSE by June 2011, according to the CB.(DS)

  Comments - 18

  • Sri Ram Tuesday, 04 January 2011 08:36 AM

    then, do your own calculations.

    Jagath Tuesday, 04 January 2011 08:55 AM

    8% growth????? What a joke.
    These are the people misleading the politicians & the masses.

    Mara wedek ne! Tuesday, 04 January 2011 04:46 PM

    do you feel this growth Sri Ram?

    citizen1 Tuesday, 04 January 2011 05:15 PM

    No one needs to mislead the polititians...they are capable of doing so ll by themselves.

    citizen1 Tuesday, 04 January 2011 05:19 PM

    O yes, we should believe Ajith N. Cabraal. Huh!! This is a bunch of nonsense as are his previous statements and future statements.

    malkanthi Tuesday, 04 January 2011 10:10 AM

    At this rate CB will keep a record on Manipulation at the highest! Nobody feels the impact of any growth, only those enjoy government perks feel it, for obvious reasons. How SAD!

    jonathan Tuesday, 04 January 2011 10:51 AM

    Who made the caculations. Was it it ANC. Then one can imagine what kind of results you will receive at the end of 2011. This guy does not even know the 12 times tables. what can you expect from him. Only rubbish statements.

    Paul Tuesday, 04 January 2011 11:21 AM

    Only the anticipation will grow,not the economy.This Cabraal is a real thief.He has proved it from his own action so far.

    MK Tuesday, 04 January 2011 11:21 AM

    CB anticipated 8 percent growth for 2010.. and we did achieve it.

    Mahadana mutta Tuesday, 04 January 2011 11:29 AM

    I think it is another case of the emperors clothes!

    Cobra Tuesday, 04 January 2011 11:34 AM

    Whoever believed any figures coughed up by the CB to be true- always the rosey picture but never the truth!

    MagodisThuma Tuesday, 04 January 2011 11:39 AM

    Not 8 per-cent growth...but 10% commies !

    viv Tuesday, 04 January 2011 12:18 PM

    Cabral is a liar, you can ask the people who has worked for his ventures,

    Ammo Tuesday, 04 January 2011 07:55 AM

    How about the expected inflation for 2011?

    Neomal Tuesday, 04 January 2011 07:49 AM

    CB anticipates many things. Nothing happens that way though.

    saman Tuesday, 04 January 2011 08:04 AM

    Ane manda....aththada boruda kiyala??

    Ram Tuesday, 04 January 2011 08:11 AM

    How reliable is CB GDP data?

    kenny fernando Tuesday, 04 January 2011 08:18 AM

    Whats the use of growth if people are suffering from the burden of cost of living ?

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