Country’s economic growth will see positively in last quarter of this year: Siyambalapitiya

12 June 2023 08:01 pm Views - {{hitsCtrl.values.hits}} 12 Bookmark

CHATURANGA PRADEEP SAMARAWICKRAMA Follow

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The economic growth rate of the country will take a positive stand in the last quarter of this year, Finance State Minister Ranjith Siyambalapitiya today said.

While addressing a meeting in Dehiowita he said although numerous international financial institutions have made various predictions, last year they were able to manage the country's economy beyond those predictions.

According to the World Bank forecasts, the economic growth rate of Sri Lanka for this year is said to be negative at 4.2.

According to the forecasts of the International Monetary Fund (IMF), the economic growth rate of Sri Lanka will be negative 3.0 this year, the State Minister said.

According to Central Bank forecasts, the economic growth rate in this country will be between negative 2 and 3.

However, the minister said that everyone should work with a determination to increase their contribution towards the national product, and accordingly, the economic growth rate of this country will see a positive note by the last quarter of this year. (Chaturanga Pradeep Samarawickrama)

Comments - 12

Talk Factory Monday, 12 June 2023 09:12 PM

Please encourage Industry 4.0 type technology by giving sovereign guarantees to support industrialists who are willing to invest in these technologies. If not with our high cost of labour we won't be competitive.

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JeffK Tuesday, 13 June 2023 08:37 AM

Absolutely. Whole country should unite for a competitive industrialisation drive.

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Technology and Quality will be the winners Monday, 12 June 2023 09:18 PM

GSMB should be given a strong private sector marketing gurus type board to increase their value added exports capability. A strong knowledgeable GM and chairman. encourage listed company's to invest in value added exports of our minerals. give them a sovereign guarantee to mitigate risks.

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Economist Monday, 12 June 2023 10:03 PM

In the fourth quarter of this year, Siyambalapitiya can say the the economy will grow positively in 2024.

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Sam Silva Monday, 12 June 2023 11:14 PM

Your aragalaya president said it would be in 2048.

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Lam Monday, 12 June 2023 11:24 PM

All these mere predictions after losing all our dollars reserves and after looting all public money .. now come up with all excuse.. Good luck at least some tourists are coming back

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Jude Tuesday, 13 June 2023 01:04 AM

After bankruptcy we gonna see positives only.

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Ram Tuesday, 13 June 2023 02:39 AM

In my mind the Minister is day dreaming. When we start to spend the $$$ that we collected during the import bans our coffers will be empty with $$$ and the USD will rise LKR dropping.

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Lion Tuesday, 13 June 2023 05:36 AM

This man is just making statements ,his knowledge of economics is always mix up with party politics.

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Lion Tuesday, 13 June 2023 06:49 AM

This man is trying to take us in the garden path when it is very clear that the rupee is crumbling in the face of import relaxation. The share market except for small gain that too is collapsing as the investors see no improvement in the economy in this country . the increasing of thuggery against the investors and the rampant corruption of politicians and the top officials will further erode the economy in the coming months.

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Sunil Tuesday, 13 June 2023 07:54 AM

Country's economic growth? That is a distant dream and some dreams never come true.

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Sambo Tuesday, 13 June 2023 08:00 AM

We know that our ministers are very good in making unachievable statements.

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