Economy

Sri Lanka Economy

As the government continues its expansive reform agenda with Vision 2025, Sri Lanka’s economy is expected to record moderate improvements in 2018. In January 2018 the IMF projected that real GDP growth would increase to 4.6% in 2018 – up from 3.1% in 2017 – as the agriculture sector recovers from drought and flood, and construction is anticipated to lead robust services sector growth. Inflation is forecast to ease to 5% in 2018, while the current account deficit should contract to 2.5% of GDP in 2018. Meanwhile, medium-term growth will average 5% over the years leading up to 2022, according to IMF estimates. This chapter contains interviews with Mangala Samaraweera, Minister of Finance and Media; Changyong Rhee, Director, IMF Asia and Pacific Department; and Rajendra Theagarajah, Chairman, Ceylon Chamber of Commerce.

Cover of The Report: Sri Lanka 2018

The Report

This chapter is from the Sri Lanka 2018 report. Explore other chapters from this report.

Interviews & Viewpoints

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Mangala Samaraweera: Interview