President makes a special statement on Economic Outlook and future (Full Speech /TEXT English)
Sri Lanka, May 9 -- President Ranil Wickremesinghe emphasized that Sri Lanka has the potential to become a developed country in the world if we unite and reach a consensus. He reiterated the importance of a shared agreement for the country's progress.
We anticipate economic growth of at least 3% this year, a forecast supported by multiple domestic and international financial institutions. Inflation has significantly decreased to 1.5%. Additionally, the primary account balance, previously in deficit for several years, turned into a surplus of 0.6% of GDP in 2023.
For the first time in many decades, a surplus in the current account of the balance of payments was achieved in 2023. Furthermore, interest rates decreased substantially, reachi...
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