Sat, 16 Oct 2021 Today's Paper

WB projects 3.3% growth for SL this year

7 October 2021 02:34 pm - 0     - {{hitsCtrl.values.hits}}

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Sri Lanka’s economy is projected to grow by 3.3 percent in 2021, while the South Asian region is expected to expand by 7.1 percent, the World Bank said.

The WB’s latest South Asia Economic Focus titled ‘Shifting Gears: Digitization and Services-Led Development’ shared that while the year-on-year growth remains strong in the region, albeit from a very low base in 2020, the recovery has been uneven across countries and sectors.

South Asia’s average annual growth is forecast to be 3.4 percent over 2020-23, which is 3 percentage points less than it was in the four years preceding the pandemic.

A gradual recovery will likely lead to corresponding improvements in labor market conditions. Most countries in South Asia are far from pre-pandemic trend levels, the WB said in its twice-yearly regional update.

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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.

 


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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.

 


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