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Sri Lanka's economy rebounds strongly, but poverty remains a major concern - World Bank
(Photo by Christoph Theisinger on Unsplash) Sri Lanka’s economy grew faster than expected in 2024, according to a new World Bank report released today (April 23). The country recorded a 5% growth rate, beating the earlier forecast of 4.4%. This rebound was driven by strong performances in industry and services, especially in construction and tourism-related sectors. However, the World Bank warns that growth will slow down in 2025 to 3.5%. The sl…
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Sri Lanka's economy rebounds strongly, but poverty remains a major concern - World Bank
(Photo by Christoph Theisinger on Unsplash) Sri Lanka’s economy grew faster than expected in 2024, according to a new World Bank report released today (April 23). The country recorded a 5% growth rate, beating the earlier forecast of 4.4%. This rebound was driven by strong performances in industry and services, especially in construction and tourism-related sectors. However, the World Bank warns that growth will slow down in 2025 to 3.5%. The sl…
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