{"id":124783,"date":"2022-04-27T15:43:57","date_gmt":"2022-04-27T22:43:57","guid":{"rendered":"https:\/\/www.lankaweb.com\/news\/items\/?p=124783"},"modified":"2022-04-27T15:43:57","modified_gmt":"2022-04-27T22:43:57","slug":"imfs-forecast-on-sri-lankas-economic-growth-this-year","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2022\/04\/27\/imfs-forecast-on-sri-lankas-economic-growth-this-year\/","title":{"rendered":"IMF\u2019s forecast on Sri Lanka\u2019s economic growth this year"},"content":{"rendered":"<h2><span style=\"color: #0000ff;\"><em>Courtesy Adaderana<\/em><\/span><\/h2>\n\n\n<p>The International Monetary Fund (IMF) is forecasting the economy of Sri Lanka to grow by 2.6% this year down from 3.6% in 2021.<\/p>\n\n\n\n<p>In its&nbsp;<a href=\"http:\/\/file\/\/\/C:\/Users\/Eng%20WEB\/Downloads\/text.pdf\">World Economic Outlook<\/a>&nbsp;(WEO), a survey published twice a year, the IMF showed a projection of 2.7% for Sri Lanka\u2019s real GDP growth.<\/p>\n\n\n\n<p>The IMF has meanwhile urged Sri Lanka to tighten its monetary policy, raise tax and adopt flexible exchange rates to address its debt crisis.<\/p>\n\n\n\n<p>The acting director of the IMF\u2019s Asia and Pacific Department, Anne-Marie Gulde-Wolf said the requirement for fund lending will be progress toward debt sustainability.<\/p>\n\n\n\n<p>She called on Sri Lanka for measures to increase tax revenues to address critical spending needs.<\/p>\n\n\n\n<p>Monetary policy has to be tightened to keep inflation in check,\u201d she said, adding that there is a need for flexible exchange rates.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Courtesy Adaderana The International Monetary Fund (IMF) is forecasting the economy of Sri Lanka to grow by 2.6% this year down from 3.6% in 2021. In its&nbsp;World Economic Outlook&nbsp;(WEO), a survey published twice a year, the IMF showed a projection of 2.7% for Sri Lanka\u2019s real GDP growth. The IMF has meanwhile urged Sri Lanka [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102],"tags":[],"class_list":["post-124783","post","type-post","status-publish","format-standard","hentry","category-economy"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/124783","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/comments?post=124783"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/124783\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=124783"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=124783"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=124783"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}