Macro Analysis /
Sri Lanka

Sri Lanka: 2Q 2022 GDP - Multiple headwinds impact 2Q; 2H expected to improve

  • Services sector records 2.2% YoY contraction despite improvements in Accommodation, F&B activities and Telco sub-sectors

  • Industrial sector contracts 10.0% YoY amidst fuel, electricity shortages, challenges to opening LCs for raw materials

  • Improving economic activity, fuel availability and corrective policy measures bode well for 2H 2022

Lakshini Fernando
Asia Securities
16 September 2022
Published byAsia Securities


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