Sri Lanka, Oct. 8 -- Growth in South Asia is projected to be robust at 6.6 percent this year-but a significant slowdown looms on the horizon. Reforms to promote trade openness and technology adoption could help the region create jobs and catalyze growth, says the World Bank in its twice-a-year regional outlook.
The forecast for Sri Lanka has been upgraded to 3.5 percent in 2026, due to strong growth in tourism and service exports.Released yesterday, the latest South Asia Development Update, projects growth in the region to slow to 5.8 percent in 2026, a downward revision of 0.6 percentage points from the April forecast. Downside risks include spillovers from the global economic slowdown and uncertainty around trade policy, socio-political ...