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Country Economic Forecasts > Sri Lanka

  • August 2017
  • 8 pages
  • Oxford Economics
Report ID: 1907648

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Poor weather conditions have continued to dampen the performance of the agriculture sector and related exports. After modest 3.8% year-on-year growth in Q1, we have lowered our full-year 2017 GDP forecast to 4.5% from 4.7% previously. Inflation is expected to peak at 6% in 2017, before gradually falling to the more sustainable level of 3-4% in 2020 and beyond. Reforms in fiscal policy and to the external sector should encourage increased investment and bolster the medium-term growth outlook.

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