Lanka records strong post-war growth

25 June 2010 10:54 am - 0     - {{hitsCtrl.values.hits}}

A A A

Sri Lanka's economy expanded 7.1 percent during the first quarter of this year, the statistics office said Friday, as the island picks itself up after a long civil war. The growth for the January-March period, up from 1.6 percent at the same point last year, was boosted by expansion in farm produce and services.

"This promising growth was mainly backed by prevailing peace across the country and also easing of the global economic recession to a certain extent," the department said in a statement.

The economy has continued to benefit from stability after the 37-year conflict against separatist Tamils ended in May last year.

Agriculture, which includes rice, tea, rubber and fishing, expanded 9.0 percent, compared with 3.0 percent a year earlier, lifted by a 47.2 percent growth in tea production.

Makers of Sri Lanka's "Pure Ceylon Tea," the island's chief cash crop, enjoyed good weather and increased global demand.

The country's central bank this month projected the 41-billion-dollar economy would expand 7.0 percent this year compared with 3.5 percent in 2009, due to post-war expansion in reconstruction and farming.

Some 100,000 people perished during the conflict, according to UN estimates. (AFP)
 

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

  Comments - 0

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.

 

 

Add comment

Comments will be edited (grammar, spelling and slang) and authorized at the discretion of Daily Mirror online. The website also has the right not to publish selected comments.

Reply To:

Name - Reply Comment




“Social media ruined us” - husband of Minuwangoda Brandix factory worker

The Minuwangoda Brandix factory worker who first tested positive for Covid-19

Last rites far from home

The body of the Sri Lankan migrant worker Bandu who died of coronavirus in Du

Doctors blame newborn for gash on her face

A baby born on September 21 at the Wathupitiwala Base Hospital in Gampaha has

Minuwangoda Covid-19 cluster expands

Here’s what we know so far about Sri Lanka’s Covid-19 cluster number 33

See Kapruka's top selling online shopping categories such as Toys, Grocery, Flowers, Birthday Cakes, Fruits, Chocolates, Clothing and Electronics. Also see Kapruka's unique online services such as Money Remittence,News, Courier/Delivery, Food Delivery and over 700 top brands. Also get products from Amazon & Ebay via Kapruka Gloabal Shop into Sri Lanka.