LBO Home IndoChina | About Us | To Advertise | Contact Us rss LBO Mobil rss rss rss rss rss
Australia won 2015 Cricket World Cup with a 7 wicket victory over New Zealand | Facebook to focus on three themes in 2015: Zuckerberg | Sri Lanka’s President Sirisena calls for a new thinking on Asian growth strategy | Sri Lanka to ease entry barriers for FDI: Ravi Karunanayake | Sri Lanka new rulers to get Chinese support | Sri Lanka sells $100mn of 5 year development bonds; rejects all bids at 2 and 3 years | Fitch affirms HSBC Sri Lanka branch at 'AAA(lka)'; outlook stable | Sri Lanka Freedom Party yet to decide a disciplinary action who participated pro-MR rally | Sri Lanka's President appoints a new law commission | Sri Lanka’s NDB-DFCC merger awaiting new regime’s go ahead | Ultra small computer by Intel; first look in Sri Lanka | Sri Lanka's micro-finance sector to access CRIB through a new regulation | Sri Lanka to get Chinese funded hospital for kidney patients; China to support SL on alleged human rights issues | Sri Lanka Siyapatha Finance PLC rated 'A(lka)' with a stable outlook : Rating agency | Sri Lanka’s AMW Capital Leasing and Finance upgraded to 'BBB+(lka)' : Fitch Ratings                                          
Mon, 30 March 2015 02:19:38
Sri Lanka economy to grow 6.25-pct in 2013: IMF
13 Feb, 2013 13:12:37
Feb 13, 2013 (LBO) - Sri Lanka's economy is expected to grow 6.25 percent in 2013 after dipping to 6.0 percent in 2013, with high inflation reducing space for monetary easing, the International Monetary Fund said.
"The recovery will be constrained by high inflation which limits room for near term monetary easing," IMF mission team leader John Nelmes said.

But the economy will be helped by a continued recovery in main trading partners, the US and EU, he said.

Last year external demand was weak, and a drought also hit the economy, he said.

The IMF said it welcomed a commitment by the authorities to keep the budget deficit at 5.75 percent of gross domestic product.

In 2012 tax revenues fell below 11.25 percent of GDP with imports slowing and tax exemptions eating into revenue.

Your Comment
Your Name/Handle
Your Email (Your email will not be displayed)
Your Email
Receivers Email
Your Comment