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Nothing's right for Lankan Economy without urgent reforms pushed back.

Sri Lanka seen in extended period of low growth | Economynext: ut economic growth is expected to remain stagnant round 5% during the 2016-2020 period.

Tax hikes imposed by the government to raise revenue were hitting business and consumers with a reduction in demand seen, Weerakoon said.

“In this situation, you need broad-based economic reforms to restart economic growth. If not, you’ll have an extended period of low growth.”

The reforms being implemented by the government were mostly ad hoc and not the systemic reform effort the economy needs now to move from growth led by public investment in infrastructure to private investment and export-led growth, Weerakoon said.

“For that we need to look at the underlying constraints to private sector growth and labour market conditions.”
Nothing's right for Lankan Economy without urgent reforms pushed back.SocialTwist Tell-a-Friend

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