Sri Lanka is witnessing the positive outcomes of a steady and predictable policy environment with a stronger-than-forecast recovery in economic output with GDP growth continuing apace at 4.9% in the first half of 2025. While improved macroeconomic fundamentals are underpinning this cyclical recovery, the momentum on growth and its sustainability will rely increasingly on underlying productivity and efficiency gains in the economy. At this mid-point of Sri Lanka’s post-crisis recovery, a critical question is what the source of such productivity gains will be. Reforms to tackle rigidities in land and labour markets or opening up to trade and investment help…
Sri Lanka should covert recovery to structurally led growth: IPS
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