ECONOMYNEXT – Sri Lanka’s real gross domestic product estimated for nine months at 9,866 billion in constant rupees has almost reaching the 9,751 billion calculated for 2021, based on the latest data released by the state statistics office. After a 30-year civil war Sri Lanka went though serial currency crises and inflationary policy blew the balance of payments apart, prompting foreign borrowings and serial stabilization measures which slowed growth and depreciation which destroyed domestic capital. In 2018, amid inflationary policy and heavy foreign borrowings, GDP reached 9,925 billion rupees with steep depreciation in the second half. In 2019, amid stabilization measures, and…
Sri Lanka 9-month GDP in 2025 almost at pre-crisis level with no inflation
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