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Sri Lanka's economy slows down to 3.2 percent in Q4 2017, annual growth 3.1 percent

Sri Lanka's economic output as measured by Gross Domestic Product (GDP) for the 4th quarter (Q4) from October-December of 2017 slowed to 3.2 percent year-on-year and the economic growth rate for the year of 2017 has been estimated as 3.1 percent.Releasing the data the Department of Census and Statistics (DCS) today attributed the slow growth rate in 2017 to the declining agricultural output due to inclement weather the country experienced since 2016.As a result of inclement weather, Agriculture Sector has reported negative quarterly growth rates in all quarters other than 4th quarter of 2017.…………….Please Log in or Subscribe to view full details…..

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Helpline 1090
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