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Sri Lanka growth may come down to about 2.9-pct in 2019: Central Bank Chief

Jun 11, 2019 (LBO) – Sri Lanka’s economic growth adversely affected by Easter Sunday bombings is expected to slow to around 2.9 percent this year, the Central Bank Governor Indrajit Coomaraswamy revealed.

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The Central Bank, however, projected the economic growth for this year to be around 4 percent, at the beginning of the year.

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“The Central Bank's projection for 2019 was 4 percent. Now our latest revision; we have not gone public with this but we think that growth may come down to about 2.

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9 percent, that's our best guess,” he said at an event.
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“It is still very early to fully understand the impact of the Easter events but that's where we are coming out at now; coming down to about 2.9 percent.”

The real GDP growth was recorded at 3.2 percent in 2018, compared to 3.

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4 percent in the previous year.

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