World Bank Projects 4.4% GDP Growth for Sri Lanka Exceeding Earlier Projections

Report Summary

COLOMBO (News 1st); The World Bank's latest Sri Lanka Development Update projects Sri Lanka's GDP to grow by 4.4% this year, exceeding earlier projections, driven by strong industry performance steady growth in services It also noted that Despite the macroeconomic recovery, many households have yet to regain the living standards lost during the crisis. Poverty is projected to fall to about 14…