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Tuesday, April 08, 2008 - 10.15 GMT     Back
Sri Lanka maintains over 6% economic growth – Central Bank
The economic growth rate of the country last year is 6.8% and it is first time in the history that the country could maintain a growth rate over 6% for three consecutive years, the 2007 Central Bank Annual Report said.

The current per capita income of the country has increased to USD 1600, the report said adding that this figure indicates Sri Lanka has reached the middle income country level.

Although the economy has many plus points like increased investor confidence, boost in imports and exports and greater stability in foreign exchange rates, there are many challenges ahead the nation, the Report said.

The rising inflation, budget deficit, increased recurrent expenditure and high expenditure on national security are some of the challenges for the coming year.


 



 
 
     
 
   
   

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