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Published 16 days ago

Sri Lanka expects 8.5-pct credit growth, $20bn imports in 2024

Summary by EconomyNext

ECONOMYNEXT – Sri Lanka’s central bank is projecting 3.0 percent economic growth and a recovery in private credit to 8.5 percent in 2024 from a 0.6 percent contraction in 2023, in an outlook for the next year. Exports are projected at 12.9 billion US dollars from 11.9 billion dollars. Imports are expected to recover to 20 billion dollars in 2024 from 16.8 billion in 2023. Sri Lanka earns foreign exchange from remittances and also tourism to pa…

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Sri Lanka expects 8.5-pct credit growth, $20bn imports in 2024

ECONOMYNEXT – Sri Lanka’s central bank is projecting 3.0 percent economic growth and a recovery in private credit to 8.5 percent in 2024 from a 0.6 percent contraction in 2023, in an outlook for the next year. Exports are projected at 12.9 billion US dollars from 11.9 billion dollars. Imports are expected to recover to 20 billion dollars in 2024 from 16.8 billion in 2023. Sri Lanka earns foreign exchange from remittances and also tourism to pa…

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