Sri Lanka's - Central Bank Predicts Gdp Growth Of 1% Through 2022

Sri Lanka's Real Gross Domestic Product (Gdp) Growth For 2022 Is Forecast At 1% As The Country Goes Through Its Worst Economic Crisis, According To The Latest Report Released By The Central Bank. The Country's Economic Growth Was 3.7% In 2021, And Per Capita Gdp Was $3,815, Which Is Expected To Decline To $3,041 In 2022,  Xinhua News Agency Reports. , Together With  An Economic Adjustment Program To Be Supported By The Imf, Which Should Help The Economy Gain Momentum In The Medium Term," The Report Said. The Central Bank Believes That The Existing Macroeconomic Instability In The Economy Has Grown From Increasing Vulnerabilities  Both At The External As Well As On The Fiscal Front, Growing Social Unrest And Political Instability, 

The Impact Of The Pandemic, The Domestic Energy Crisis And The High Com Commodity Prices Both Globally And Domestically Will Severely Slow Sri Lanka's Growth In 2022."This Will Have Lasting Effects For The Foreseeable Future And Result In Slower Growth," The Report Said. Economic Growth Is Expected To Slow Further On The Back Of The Announcement Of A Temporary Suspension Of External Debt Servicing  And Commitments To A Debt Restructuring Programme. However, The Central Bank Believes That Prudent Macroeconomic Policies Aimed At Stabilizing The Domestic Economy, Combined With  Imf Engagement, Better Monetary And Fiscal Policy Coordination And Planned Reforms, Will Increase The Pace Of Growth In The Medium Term.