Oct 12, 2010

Sri Lanka Economy

The International Monetary Fund (IMF) has forecasted “strong growth” of Sri Lanka economy this year while commenting on its 8.5 percent growth during the second quarter of 2010 as against 7.1 percent growth in the first quarter. The government statistics office reported growth of agriculture sector by 5.1 percent, manufacturing by 8.9 percent, and services by 8.8 percent over last year’s figures. The IMF said the country’s fiscal performance so far “remains consistent with achieving the government's full-year deficit target of 8 percent.”

OCT 2010