Sri Lanka’s Economic Growth Projected at 3.5% by World Bank

The World Bank’s recent report indicates that Sri Lanka is expected to attain a 3.5% growth rate this year. This projection comes despite challenges posed by significant US tariffs and the nation’s ongoing recovery from a financial crisis.

Having navigated a severe financial downturn triggered by a historic scarcity of US dollars three years prior, the island country demonstrated resilience with a 5% growth rate the previous year. This recovery was bolstered by a $2.9 billion financial aid package from the International Monetary Fund (IMF).