Sri Lanka, April 23 -- Sri Lanka's economy has made a remarkable recovery in 2024, surpassing growth expectations by recording 5 percent growth, compared to the projected 4.4 percent, says the World Bank.

This growth has been driven by strong performances in industry and services, particularly in construction and tourism-related services. According to the report in 2025, growth is expected to moderate to 3.5 percent reflecting scarring effects of the crisis and structural impediments to growth, amid global headwinds and unprecedented trade policy uncertainty.

Released today (23), the World Bank's bi-annual Sri Lanka Development Update, titled Staying on Track, highlights that despite the positive growth and fiscal performance, significa...