gorfarcade|ADB revises down inflation forecast for Sri Lanka
COLOMBO, July 21 (Xinhua) -- The inflation forecast in Sri Lanka for 2024 is revised down as supply-side conditions improved alongside better external buffers and the availability of foreign currency, said the Asian Development Bank (ADB) in its latest forcastgorfarcade.
According to the ADB economic forecasts for Asia and the Pacific for July, although the economic performance in Q1 2024 in Sri Lanka exceeded Asian Development Outlook April 2024 expectations, growth forecasts for 2024 and 2025 are retained as there remain uncertainties as the election cycle begins in the latter half of the year.
Sri Lanka recently finalized comprehensive bilateral debt restructuring agreements with key bilateral creditors.
The country's economy is projected to see moderate growth of 2.2 percent in 2024, showing signs of stabilization, following the severe economic downturn of 2022, according the forecasts by the World Bank earlier.■
Tags:
Recommendations
- crashteamracingnitrofueledyuzu|Sudan dam collapse leaves at least 60 dead, hundreds missing
- onlinecasinowithfreesignupbonusrealmoney|Jordan launches initiative to support amputees in Gaza
- reelpennbattle35000|Feature: Bringing centuries-old tea experience to modern Taipei
- othercryptogames|Across China: Guarding greenery on northeast China's Changbai Mountain
- playslotsforrealmoneynodeposit|Villagers dry agricultural products in county of Yichun, E China
- casinoswithfreeplayfornewmembers|China's Gansu launches support policies for signature beef noodles industry
- firstpersonroulette|Aerial view of Harbin, China's "Ice City"
- pennpursuitthree|Across China: Wetland tourism heats up in China's "ice city"
- crashland|Explainer: China pilots housing pension system to enhance people's living quality
- xplaybetcasinonodepositbonus|Senior CPC official meets Cambodian deputy PM