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Sri Lankan economy stabilised with projected growth of 4.4%, says World Bank

Summary by WION
The World Bank has announced a positive outlook for the Sri Lankan economy, which has stabilised following a severe crisis in 2022. With critical structural and policy reforms in place, the country is expected to experience a growth rate of 4.4 per cent in 2024, significantly higher than the previous projection of 2.2 per cent. However, the World Bank has also warned that while the situation is improving, Sri Lanka is not yet fully out of danger.
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