SL’s quick recovery in mobility following COVID-19 Deutsche Bank’s Chief Economist for India and SL expresses his satisfaction

1 September 2020 12:00 am

•  With the Parliament and Presidency now both under the control of the SLPP party, it should help bring in political stability

German Deutsche Bank’s Chief Economist for India and Sri Lanka Kaushik Das noted that Sri Lanka had seen a quick recovery in mobility following the COVID-19 pandemic.   

 The Delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) organised a webinar on 21st August 2020, which was attended by about 40 CEOs and CFOs of German companies in Sri Lanka.   
During the webinar an updated economic forecast of Deutsche Bank Research and Covid-19 related risk prevention measures were introduced respectively by experts of Deutsche Bank and Allianz from Colombo, Mumbai and Singapore.  

Sri Lankan mobility, as measured by an index using Google Mobility Report data, fell to a record low in March/April due to the lockdown and has rebounded above the 80 mark in August. The base figure for the index was February with a value of 100.