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World Bank appreciates Sri Lanka’s economic recovery

Jun 7, 2011 11:30:45 PM - itnnews.lk

The World Bank says it greatly appreciates Sri Lanka’s post-war economic recovery. This reference is made in its Global Economic Prospects report June 2011. It was released today.

 

The World Bank emphasized that India and Sri Lanka will lead the South Asian growth path—reaching 7.9 percent in 2013. “Real Gross Domestic Product growth in Sri Lanka remains buoyant. GDP growth last year registered 8 percent and has been strongly underpinned by the peace dividend following the end of the war. According to World Bank, this recovery was led by private consumption and investment. It stated that agricultural output growth was boosted by the return to production of previously fallowed land with the cessation of fighting, while services activity benefitted from an upsurge in tourism.