Asia Securities estimates 5-6 percent GDP growth and 3-pct inflation in 2016


Jan 21, 2016 (LBO) – Sri Lanka will grow at a speed of 5 to 6 percent this year while having 3 percent annual inflation, brokerage firm Asia Securities said.

“We also estimate that the exchange rate to be around 150 rupees per US dollar at the end of the year,” Kanishka Perera, Head of Research at Asia Securities told a seminar.

The firm stated that interest rates will move up by 100 to 125 basis points in 2016 while seeing a fiscal deficit of 7 percent for this year.