Consumer Drive

The Central Bank says consumerism contributed significantly to last years economic revival. Economists pointed out that the country is showing the early signs of a consumer demand driven growth.
Economists say a fledging peace process created higher than expected demand for goods and services last year.rn

rnldblquote In the past we looked at growth only from the supply side. But last few years we have been looking into the demand also. Last year the growth mainly came from the consumer demand side,
dblquote says Dr. A G Karunasena, Director Economic Research, Central Bank.rn

rnDomestic demand was a savior for the economy, in the face of falling fortunes in the countries export markets.rn

rnThe Central Bank is also looking seriously at growth from the demand side as opposed to the supply side only.rn

rnldblquote To produce something there should be a demand,
dblquote he says.rn

rnldblquote In that we have two sectors; the domestic demand and the export demand. As an island-economy we