Post-conflict hype waning for Lanka, tough times ahead – World Bank * Growth decelerated towards tail end of 2011

January 18, 2012,

The World Bank, painting a bleak picture of the global economy, says Sri Lanka’s post-conflict economic rebound is waning and the country is vulnerable to risks associated with falling exports, declining remittances and increased rick averseness of the international investment community. Growth is expected to slow down to 6.8 percent this year, a much slower rate compared to the Central Bank’s forecast of near-8 percent.

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