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.

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

“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 2.9 percent, that’s our best guess,” he said at an event.

“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 3.4 percent in the previous year.