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ஜெனரல்
Sri Lanka's 2024 economic outlook shows 4.5%-5% GDP growth, rising inflation, stabilized interest rates boosting private sector credit, and strengthened external resilience through tourism earnings, remittances, and IMF support, despite a widened trade deficit.
Sri Lanka's GDP growth for 2024 is projected at 4.5%-5%, driven by improved domestic economic activity, increased tourism earnings, and workers' remittances, positively impacting the external current account, according to CBSL Governor Dr. Nandalal Weerasinghe. Inflation is expected to rise to around 5% by mid-2025, while market interest rates have stabilized, supporting notable credit growth to the private sector since May 2024. Despite a widened trade deficit due to higher import expenditure, external resilience is bolstered by the IMF-EFF program, debt restructuring progress, and multilateral financial support. The adoption of systems like UPI for trading in Indian rupees remains pending, as discussions continue.
