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IMF says Lanka’s economy recovering from Easter Sunday attacks, projects 3.7 pc GDP growth in 2020

The IMF has said that Sri Lanka’s economy is gradually recovering from Easter Sunday terrorist attacks in 2019 with GDP growth projected at 3.7 per cent in 2020.

PTI PTI
Colombo Updated on: February 08, 2020 14:06 IST
IMF says Lanka’s economy recovering from Easter Sunday attacks, projects 3.7 pc GDP growth in 2020
Image Source : PTI/FILE

IMF says Lanka’s economy recovering from Easter Sunday attacks, projects 3.7 pc GDP growth in 2020

The IMF has said that Sri Lanka’s economy is gradually recovering from Easter Sunday terrorist attacks in 2019 with GDP growth projected at 3.7 per cent in 2020. Issuing an end-of-mission statement, an IMF staff mission to Sri Lanka estimated the Real GDP growth at 2.6 per cent in 2019 but expected the GDP to bounce back in 2020 with 3.7 per cent on the back of the recovery in tourism while inflation to remain at around 4.5 per cent, the Colombo Page reported. However, it also said that Sri Lanka has sizably missed IMF’s targets concerning its fund facility in 2019.

ALSO, READ{IMF says Lanka’s economy recovering from Easter Sunday attacks, projects 3.7 pc GDP growth in 2020

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