Tag: Sri Lanka economy contracted by 1.6-pct in 1Q 2022

The year-on-year GDP growth rate for the first quarter of 2022 has been estimated as negative 1.6 percent which indicated a considerable contraction of the economy compared to the first quarter of 2021, the Department of Census and Statistics revealed. The three major economic activities of the economy; ‘Agriculture’, ‘Industry’ and ‘Services’ have contributed their […]