ADB lowers Sri Lanka growth in 2016 to 5-pct from 5.3-pct

Sep 28, 2016 (LBO) – The Asian Development Bank (ADB) has lowered the economic growth forecast for Sri Lanka to 5.0 percent for 2016 from 5.3 percent saying growth prospects for Sri Lanka edge lower on weak industrial performance and fiscal consolidation. “ADB lowered the GDP growth rate to 5.0 percent for Sri Lanka in […]