Sri Lanka’s economy picking up speed, inflation low: CB governor

ECONOMYNEXT – Sri Lanka’s economic growth is picking up speed and inflation has been contained contrary to criticisms that growth has collapsed, Indrajith Coomaraswamy, Governor of the Central Bank, said.

“It does not help when Sri Lankans themselves keep saying growth is collapsing,” he told a World Bank forum where its new report on regional trade in South Asia was launched.

Sei Lanka’s growth is slow but is picking up and is on an upward trend, Coomaraswamy said.

“Headline inflation in September was 4.3 percent and food price inflation extremely low because of pretty decent ‘Maha’ and ‘Yala’ harvests,” he said.

“There’s no sign of collapse of growth and rising inflation. People going around saying growth has collapsed is not being helpful and is an extremely anti-national attitude. You need to back it up with data.”
(COLOMBO, 08 October 2018)

 

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