Following a difficult climatic year that saw severe floods and drought weigh on growth, C-suite executives surveyed in OBG’s Business Barometer: Sri Lanka CEO Survey appear to be generally optimistic that clearer skies are ahead. Three-quarters of CEOs had positive or very positive expectations about local business conditions for 2018, with 56% forecasting GDP expansion to range 4-5%, which is broadly in line with the central bank’s estimates of 5-5.5%. However, if Sri Lanka is to reach the Vision 2025 target of becoming a knowledge-based economy, the ongoing “brain drain” will have to be addressed, with CEOs naming a variety of skills in need.
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• 95% of companies surveyed were private
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• 61% of companies surveyed were local
• 5% of companies surveyed were regional
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