Sri Lanka’s growth to be slower for FY 2025 at 3.5%, says World Bank:
New Delhi: The World Bank has projected 3.5% growth for the Sri Lankan economy and has also stated that the country’s economy will grow at a slower pace. This comes from the Global Economic Report, as deceleration follows a modest rebound driven by gains in industrial output and construction.
Further, the report adds structural weaknesses and global hindrances, which threaten the nation’s economy.
The World Bank cited many reasons for including the country’s recent economic activities and external factors, which are responsible for the country’s economic performance.
With Sri Lanka and Pakistan, growth is at a slower pace, and also the world warns Sri Lanka about global trade tensions, climate change, and financial strains.
(Subham Singh)
