Sri Lanka, Oct. 7 -- Sri Lanka's recent economic performance has been strong, yet the recovery remains incomplete, with growth still below pre-crisis levels and poverty significantly elevated, according to the latest World Bank report. Strengthening the recovery will require continued macroeconomic stability, urgent structural reforms, and more efficient, better-targeted public spending.

Released today, the Sri Lanka Development Update, Better Spending for All, projects the country's economy to grow by 4.6 percent in 2025, supported by a modest rebound in industry and steady growth in services, before slowing to 3.5 percent in 2026. The report notes that this outlook is subject to heightened risks, particularly from elevated global uncer...