Sri Lanka, April 24 -- Sri Lanka has been commended for its quicker-than-expected recovery from the worst economic crisis since independence. However, the World Bank has echoed the growing concerns, cautioning that the island nation is still not entirely out of the woods.

The Sri Lankan economy made a remarkable recovery in 2024, surpassing the growth expectations by recording a 5 percent growth. Despite the recovery, the medium-term growth is expected to be modest, reflecting the scarring effects of the crisis, structural impediments to growth and significant global economic uncertainties, the international lender said.

"While Sri Lanka's economy is bouncing back stronger than expected, a significant portion of the population-about a t...