Fin Min tells Parliament that Q1 2019 growth will rebound to 3.5-pct

economy growth

Jun 19, 2019 (LBO) – Sri Lanka’s economic growth has increased to 3.5 percent of gross domestic product in the first quarter of 2019, Finance Minister Mangala Samaraweera told parliament.

“Our Government took the real growth to the villages.The economy in the first quarter grew at 3.5 percent against 1.8 percent last quarter of 2018, which was hit due to the political crisis,” the Minister said. 

The data will be officially released soon.

However, last month, Central Bank Governor Indrajit Coomaraswamy said he expected the economy to grow by 3 percent or less this year.

The Governor claims growth will decrease due to the impact of the Easter Sunday bombings.