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Sri Lanka expects 4.7 percent growth in 2017, Economy is stable now : PM

Sri Lanka expects 4.7 percent growth in 2017 | Economynext: The source who declined to be named said policy rates were likely to follow a downward trend in the international markets, but the exchange rate was likely to remain favourable to exporters to ensure competitiveness of Sri Lankan manufacturers.

The Prime Minister said the country could have achieved up to 6.0 percent growth this year if not for the drought and the floods that killed hundreds and left tens of thousands destitute.

"We were looking at 6 percent if this (tragedy) had not taken place. Keeping (growth)� at 4.5 to 5 percent is good. We had a tight monetary policy towards the end of 2016. we are now stabilised."

Wickremesinghe said the government was clearing the "swamp" in the past two years and built a solid foundation for the economy to take off.
Sri Lanka expects 4.7 percent growth in 2017, Economy is stable now : PMSocialTwist Tell-a-Friend

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