Sri Lanka, April 27 -- The Sri Lankan economy witnessed a gradual revival in 2023 from the deepest economic downturn in its post-Independence history, the Central Bank of Sri Lanka in its Annual Economic Review 2023 report said.

The report was presented to Finance Minister President Ranil Wickremesinghe by Central Bank Governor Dr. Nandalal Weerasinghe yesterday.

The report said that decisive policy adjustments and structural reforms implemented by the Government and the Central Bank helped restore macroeconomic stability to a great extent. "These measures were essential to prevent further deepening of the crisis and to navigate the economy along a sustainable path of recovery. With risks abound, the unwavering commitment of policymaker...