Sri Lanka's Economy Nears Pre-Crisis Levels, Governor Projects 4-5% Growth

Central Bank Governor Dr. Nandalal Weerasinghe announced that Sri Lanka's economy is steadily recovering and approaching the levels seen before the 2022 crisis. He projected economic growth to be around 4-5% this year, marking the third consecutive year of expansion. While acknowledging the recovery, the Governor cautioned that population income levels have not yet fully rebounded. Potential headwinds include the impact of the Middle East crisis in the second half of the year, though ongoing economic reforms are strengthening the country's productive capacity and resilience.