Sri Lanka think tank releases policy report

Oct 15, 2013 (LBO) – Sri Lanka’s Institute of Policy Studies has released its annual ‘State of the Economy’ policy report. This year’s report ‘Sri Lanka’s Transition to a Middle Income Economy.’

The report covers areas of international trade, exports, state investments and spending and other policy issues.

A full statement on the report released by IPS is reproduced below:

IPS launches the State of the Economy 2013 today

The Institute of Policy Studies of Sri Lanka (IPS), apex think tank on socio-economic policy issues has been publishing the State of the Economy report since 1992 with a complementary theme selected each year. This year the report looks at SriLanka’s Transition to a Middle Income Economy and which areas require particular policy attention in order to facilitate this transition.

After posting impressive growth rates of over 8 per cent in the two years following the end of the conflict, growth in 2012 moderated to 6.4 per cent. Following economic overheating in the second half of 2011 – evidenced mainly by a rapidly expanding trade deficit – the government und