Sri Lanka faces slower growth ahead despite 2024 rebound: World Bank
Sri Lanka’s economy grew by 5 per cent in 2024, surpassing expectations, driven by construction and tourism. However, growth is expected to slow to 3.5 per cent in 2025 and 3.1 per cent in 2026 due to crisis-related scarring and global uncertainties. Despite recovery, poverty remains high at 24.5 per cent. The World Bank urges reforms to boost jobs, stability, and inclusive growth.
Sri Lanka’s economy grew by 5 per cent in 2024, surpassing expectations, driven by construction and tourism.
However, growth is expected to slow to 3.5 per cent in 2025 and 3.1 per cent in 2026 due to crisis-related scarring and global uncertainties.
Despite recovery, poverty remains high at 24.5 per cent.
The World Bank urges reforms to boost jobs, stability, and inclusive growth.
