Sri Lanka's Economy Grows 4.2% in Q2 Amid Sectoral Shifts

Sri Lanka's economy expanded by 4.2% in the second quarter of the year, as reported by the Department of Census and Statistics. This growth occurred amidst challenging economic conditions, including high inflation and geopolitical repercussions. While the agricultural sector contracted by 2.3%, robust growth was observed in industry, which surged by 7.3%, and the services sector, which grew by 2.7%. The nation's Gross Domestic Product (GDP) increased to approximately Rs. 3.03 trillion in this period compared to Rs. 2.91 trillion in the corresponding quarter of the previous year.