Categories: Articles

LNP – 2Q economic growth surges to 12.3% amid low base effect

Sri Lanka’s economy grew robust 12.3 percent in the second quarter of 2021 despite the COVID-19 virus-induced restrictions on economic activities since late April as a result of an extremely low base in the corresponding period of the previous year.

Sri Lanka’s economy recorded its worst contraction of 16.4 percent in the second quarter of last year due to the first lockdown wave, which resulted in the complete closing of the economy barring a few essential services.

The Department of Census and Statistics (DCS) said during the second quarter of 2021, all three major economic activities recorded significant positive growth rates as a result of the low base effect stemming from last year.

Accordingly, the agriculture activites recorded a positive growth of 8.1 percent, industrial 22.1 percent and activities 7.5 percent.

Pls refer the full press release issued by the DCS below.

http://www.statistics.gov.lk/NationalAccounts/StaticalInformation/Reports/press_note_2021q2_en

Tyronne Jayamanne

Recent Posts

LNP – Sugath Wasantha de Silva makes history as SL’s first visually impaired MP

Sugath Wasantha de Silva, a National List candidate from the National People’s Power (NPP), has…

5 hours ago

LNP – Lohan Ratwatte, wife further remanded

Former State Minister Lohan Ratwatte and his wife were further remanded till December 2 and…

5 hours ago

LNP – Ravi Karunanayake nominated for NDF National List seat?

The New Democratic Front (NDF), which contested the 2024 General Election under the ‘gas cylinder’…

6 hours ago

LNP – Rs. 311M received as compensation Easter attack victims; SC calls for report on distribution

The Attorney General (AG) today informed the Supreme Court that the Office for Reparations has…

6 hours ago

LNP – Sri Lanka’s new Cabinet of Ministers sworn in

The new Cabinet of Ministers of the National People’s Power (NPP) government were sworn in…

6 hours ago

LNP – IMF team to visit Sri Lanka today for third review under EFF program

A team from the International Monetary Fund (IMF), led by the Senior Mission Chief for…

1 day ago