Sri Lanka GDP growth slows to 1.5-pct in 2009 first quarter

June 17, 2009 (LBO) - Sri Lanka's economic growth slowed to 1.
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5 percent in the first quarter of the 2009, against 6.



2 in 2008 and 4.3 percent in the December quarter, officials said.

Passenger kilometres flown by Sri Lankan Airlines had fallen 25.


0 percent, railway passenger kilometres fell 7.7 percent, while in state bus service it fell 6.
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4 percent.

Cargo handling had fallen 12.1 percent. Telecoms had grown 10.1 percent against 22.5 percent. Tourism earnings had fallen 16.


9 percent.

Banking services had grown 3.8 percent against 5.7 percent.

Agriculture

In agriculture, paddy production had increased by 10.1 percent, tea contracted 40.9 percent and rubber expanded 2.

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6 percent against.

"Dry weather was good for rubber but lower international prices discouraged tapping," head of the national accounts division Nalini Kumarasinghe said.

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"The increased rice production came from the post-war eastern economy and government support also helped.

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"

"The global turmoil has directly or indirectly affected the local economy," the head of the government's statistics office Suranjana Vidyaratne said.

The expansion is the lowest seen since quarte

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