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ADB predicts 8% economic growth for Sri Lanka

Apr 7, 2011 3:28:18 AM - news.lk
Asian Development Bank forecasts 8% economic growth in Sri Lanka during the years of 2011 and 2012. At a press briefing held in Colombo yesterday, Country Director of Asian Development Bank in Sri Lanka Dr. Richard Wokes said that Sri Lanka has gained the targeted economic growth last year. The Asian region is successfully gaining economic growth amidst global economic downturn. Mr. Wokes further said however, the higher inflation rate in many Asian countries will be a hamper for the rapid economic growth.