{"id":148564,"date":"2025-03-18T16:39:03","date_gmt":"2025-03-18T23:39:03","guid":{"rendered":"https:\/\/www.lankaweb.com\/news\/items\/?p=148564"},"modified":"2025-03-18T16:39:03","modified_gmt":"2025-03-18T23:39:03","slug":"sri-lankas-economy-grew-5-in-2024-cbsl","status":"publish","type":"post","link":"https:\/\/www.lankaweb.com\/news\/items\/2025\/03\/18\/sri-lankas-economy-grew-5-in-2024-cbsl\/","title":{"rendered":"Sri Lanka\u2019s economy grew 5% in 2024: CBSL"},"content":{"rendered":"<h2><span style=\"color: #0000ff;\"><em>Courtesy Adaderana<\/em><\/span><\/h2>\n\n\n<p>The Sri Lankan economy recorded a strong turnaround registering overall growth of 5% for 2024 amid renewed macroeconomic stability, says the Central Bank of Sri Lanka (CBSL).<\/p>\n\n\n\n<p>Meanwhile, the country\u2019s economy grew 5.4% in the fourth quarter of 2024, the Census and Statistics Department said in a statement.<\/p>\n\n\n\n<p>The International Monetary Fund had forecast Sri Lanka\u2019s economy would grow by 4.5% in 2024.<\/p>\n\n\n\n<p>Sri Lanka\u2019s agriculture sector grew 8.3% in 2024 from a year earlier, industrial output expanded by 25.5%, and services grew by 57.5%.<\/p>\n\n\n\n<p>Struck by a severe dollar shortfall, the economy went into freefall in 2022, contracting 7.3% as it grappled with soaring inflation, a sharply weaker currency and a historic foreign debt default.<\/p>\n\n\n\n<p>The economy shrank 2.3% in 2023.<\/p>\n\n\n\n<p>But it made a stronger-than-expected recovery last year as measures implemented under a $2.9 billion four-year bailout from the IMF, secured in March 2023, bore fruit.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Courtesy Adaderana The Sri Lankan economy recorded a strong turnaround registering overall growth of 5% for 2024 amid renewed macroeconomic stability, says the Central Bank of Sri Lanka (CBSL). Meanwhile, the country\u2019s economy grew 5.4% in the fourth quarter of 2024, the Census and Statistics Department said in a statement. The International Monetary Fund had [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[102],"tags":[],"class_list":["post-148564","post","type-post","status-publish","format-standard","hentry","category-economy"],"_links":{"self":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/148564","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=148564"}],"version-history":[{"count":0,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/posts\/148564\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/media?parent=148564"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/categories?post=148564"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.lankaweb.com\/news\/items\/wp-json\/wp\/v2\/tags?post=148564"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}