LNP - Sri Lanka’s economy stabilises with growth expected to reach 4.4 % in 2024: WB

The Sri Lankan economy has stabilised with growth expected to reach 4.4 percent in 2024, surpassing earlier forecasts, the World Bank (WB) said today. The World Bank’s bi-annual Sri Lankan development update titled ‘Opening Up to the Future', however cautioned that the recovery remains fragile and hinges on maintaining macroeconomic stability, successfully restructuring debt and continuing structural reforms to increase medium-term growth and reduce poverty.