Categories: Headlines

LNP – Sri Lanka’s economy stabilises with growth expected to reach 4.4 % in 2024: WB

The Sri Lankan economy has stabilised with growth expected to reach 4.4 percent in 2024, surpassing earlier forecasts, the World Bank (WB) said today.

The World Bank’s bi-annual Sri Lankan development update titled ‘Opening Up to the Future’, however cautioned that the recovery remains fragile and hinges on maintaining macroeconomic stability, successfully restructuring debt and continuing structural reforms to increase medium-term growth and reduce poverty.

Tyronne Jayamanne

Recent Posts

LNP – New vehicles arriving soon; second-hand market to drop 10-15%: Importers

New vehicles will arrive in the country within the next two or three weeks. After…

2 days ago

LNP – Poor vehicle maintenance contributing to rising road accidents – Health expert

Dr. Samitha Siritunga, a specialist in the Non-Communicable Diseases Unit of the Ministry of Health,…

2 days ago

LNP – Sri Lanka plans elephant corridors to curb human-elephant conflict – report

Sri Lanka is planning to establish five elephant corridors in its north central province to…

2 days ago

LNP – Sri Lanka’s transport sector to be modernized with new fleet

Sri Lanka’s public transport sector is to be modernised with the introduction of 1,000 new…

4 days ago

LNP – Sri Lanka announces luxury tax rates on imported private vehicles

The Sri Lankan government has published Gazette Notification No. 2421/41, signed by President Anura Kumara…

4 days ago

LNP – Sri Lankan govt. imposes 9 conditions on vehicle imports

The Sri Lankan government has officially lifted the temporary suspension on vehicle imports, which had…

4 days ago