Tue, Mar 24, 2015, 12:07 pm SL Time, ColomboPage News Desk, Sri Lanka. Mar 24, Colombo: Postwar economic recovery in Sri Lanka is expected to moderate in 2015 as investors await clarity on the new administration's plans for governance reform and economic policy, the Asian Development Bank's flagship annual economic publication, Asian Development Outlook 2015 (ADO), released today says.
Sri Lanka's economy posted a growth rate exceeding 7.0% in every year since 2012 and continued to grow robustly in 2014 posting a rate of 7.4%, up from 7.2% in 2013. However, this year the growth rate is expected to ease to an estimated 7.0%.
The report says the election in January 2015 brought a new president into office on a mandate for political and economic change and with the parliamentary elections expected in June 2015, the year will be marked by political transition.
more/source: http://ift.tt/1Oy01Vc
Sri Lanka's economy posted a growth rate exceeding 7.0% in every year since 2012 and continued to grow robustly in 2014 posting a rate of 7.4%, up from 7.2% in 2013. However, this year the growth rate is expected to ease to an estimated 7.0%.
The report says the election in January 2015 brought a new president into office on a mandate for political and economic change and with the parliamentary elections expected in June 2015, the year will be marked by political transition.
more/source: http://ift.tt/1Oy01Vc
Sri Lanka's economy expected to moderate in 2015 due to political transition
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