Government in the process of transitioning Sri Lanka economy: State minister

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Government in the process of transitioning Sri Lanka economy: State minister

ECONOMYNEXT – Sri Lanka’s economy has stabilized, and growth is now emerging, due to macroeconomic reforms, State Minister of Finance Shehan Semasinghe said. “After a contraction of 7.8% in 2022, the GDP returned to growth in the 3rd and 4th quarters of 2023, with Q4 GDP growth reaching 4.5%,” Semasinghe said on X. “Recognizing the progress in macroeconomic reforms, the measures to stabilize the economy have thus far been successful. The govern…