Srilanka, April 8 -- Sri Lanka's economy demonstrated a measured and steady recovery in 2024, following two years of significant contraction, according to the Annual Economic Review 2024 presented by the Central Bank of Sri Lanka (CBSL) yesterday (07).

The report was formally handed over to President Anura Kumara Dissanayake at the Presidential Secretariat by Central Bank Governor Dr. Nandalal Weerasinghe.

Despite ongoing post-crisis challenges, the review highlights that Sri Lanka's reform-led recovery has progressed at a relatively faster pace than that of many other debt-distressed economies. Key drivers of this recovery included improved economic activity, a partial rebound in purchasing power, reduced uncertainty and gradually str...