Economy to expand 7.5% in 2013, inflation at mid-single digit

8 November 2012 07:07 am - 7     - {{hitsCtrl.values.hits}}

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Sri Lanka's economy will expand around 7.5 percent in 2013, with 8 percent growth in the medium term, Sri Lanka's Central Bank said in a report, just ahead of the 2013 Budget being presented to the Parliament around 12.30 noon.

"Global economic recovery and less uncertainty over policy responses, especially in the Euro area, coupled with an easing of both fiscal and monetary policy measures adopted domestically to address issues in certain sectors, are expected in 2013," the Central Bank said.

The bank also noted that cautious monetary and fiscal policy measures together with envisaged improvements in domestic supply conditions are expected to help maintain inflation at mid-single digit levels in 2013.
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  • Nodrog Saturday, 10 November 2012 03:02 AM

    Manpei,,,how can you say that? Look at how well our MPs are doing.....several luxury cars and houses, numerous family trips abroad, children studying overseas

    Nodrog Thursday, 08 November 2012 12:10 PM

    So says the muppet that invested millions in Greek bonds.

    DrMentor Thursday, 08 November 2012 07:33 AM

    haha nice joke .....

    Curious Thursday, 08 November 2012 02:48 PM

    How could you expect any growth when there is not productivity due to Strikes and Protests.

    truth Friday, 09 November 2012 04:13 AM

    I think people who are responsible for the fiscal policy needs to go to kindergarten again, to learn their numbers!!!!

    ramesh Thursday, 08 November 2012 09:33 AM

    growth rate of Sri Lanka in 2009 , 2010 and 2011 was around 8.1-8.3% according to the CIA factbook and world bank data.(last year SL were among top 8 in the world and 4th in Asia)This year it has gone down a bit but still ahead of India and the rest of south asia..8% growth is easily achievable for Sri Lanka and Gov should target to push it towardfs 9-10 % and that is possible only if gov sack useless ministers and stop its corruption.

    manpei Thursday, 08 November 2012 11:35 PM

    really how come we don't see any good from this massive growth.


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