Published
7 hours agoon
Central Bank Governor Dr. Nandalal Weerasinghe has expressed confidence in Sri Lanka’s economic outlook, stating that the country is on a steady recovery path and presents attractive opportunities for investors despite ongoing global economic uncertainties and energy market volatility.
Speaking to Bloomberg on the sidelines of the Invest Sri Lanka events held in Sydney and Melbourne, Australia, Dr. Weerasinghe said the economy has recovered strongly following the country’s economic crisis and is currently recording growth of around five percent.
He noted that Sri Lanka has successfully navigated several external shocks, including tensions in the Middle East and adverse weather conditions caused by cyclonic activity, while maintaining economic stability.
According to the Governor, the economy is now moving towards a higher growth trajectory, creating favorable conditions for both local and foreign investors.