Category: Economy
Banking Sector Profitability at what cost?
Banks have a critical role to play in Sri Lanka’s economic recovery, not only by securing their own financial positions but by fostering conditions for business growth. High interest rates and aggressive foreclosures do little but suppress growth, while more inclusive and flexible financial support will create sustainable profitability across industries. A responsible banking sector…
Sri Lanka: Economic Outlook 2024
Analysis of the current economic situation of Sri Lanka and Key Indicators. Sri Lanka’s Current Economic Situation Current Economic Situation Sri Lanka’s current economic situation is characterized by the aftermath of a severe crisis and ongoing efforts to stabilize the economy through comprehensive reforms. The future outlook hinges on the successful implementation of governance and anti-corruption…
Sri Lanka’s Financial Gap
Sri Lanka’s financial gap from 2022 to 2027 and summary of IMF staff Review on June 13, 2024 The financial gap refers to the difference between the available financial resources and the required expenditures to meet fiscal and debt obligations. For Sri Lanka, this gap is a critical issue that has implications for the country’s…
Sri Lanka key Economic Indicators and Future Outlook for 2024
Get update on Sri Lanka’s latest economic indicators and future outlook via LankaBIZ backed by Artificial Intelligence. Ask any question relating to economy of Sri Lanka and get instant answers based on latest information. www.lankabizz.net The latest economic outlook for Sri Lanka, as of May 2024, indicates a challenging economic environment. The country has been…
Sri Lanka: Latest Economic Outlook and Future Challenges
The economic outlook of Sri Lanka has been challenging, as evidenced by the data and reports available up to May 2024. The country has faced severe economic downturns, with a sharp contraction of about 8.0% in 2022, which was the largest economic contraction on record for Sri Lanka. This was followed by a contraction of…
