Sri Lankan central bank looks back at ‘dismal’ year

Colombo, Sri Lanka

The Central Bank of Sri Lanka has described 2019 as a “dismal” year for the economy, with 2020 not looking much better, in its latest annual report.

“During the year 2019, Sri Lanka’s dismal performance continued in terms of real economic growth, although macroeconomic stabilisation measures helped correct the external sector imbalances to some extent,” the CBSL says in a summary of the report.

The Easter terrorist attacks in 2019 had a heavy impact. The CBSL notes that supportive fiscal and

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