CB expects economy to rebound in second half
Sri Lanka, July 10 -- From left: CB Governor Prof. W. D. Lakshman and CB Senior Deputy Governor Dr. Nandalal Weerasinghe
By Nishel Fernando
The Central Bank (CB) anticipates a strong economic rebound in the second half of this year from the expected contraction in the second quarter due to COVID-19 related lockdown, although the growth projection of 1.5 percent could be subject to revisions in future.
"We still maintain the projections in the annual report which is 1.5 percent. We think the growth should be above one percent with a strong rebound in the second half," Director, Economic Research at CB, Dr. Chandranath Amarasekara told reporters in Colombo.
However, he noted that CB might revise the growth forecast for the virus-hit eco...
Click here to read full article from source
To read the full article or to get the complete feed from this publication, please
Contact Us.