Macro Analysis /

Sri Lanka: Economic Update - GDP contracts in 3Q; Upward 4Q momentum a positive

  • 3Q 2021 contracts 1.5% YoY on high base; expands 15.1% QoQ with all sub-indices recording growth

  • 4Q 2021 growth trajectory a positive; low Dollar liquidity and low fiscal space key concerns to growth momentum

  • Services sector contracts 1.6% YoY as Accommodation, F&B activities and Transport and Warehousing declines

Lakshini Fernando
Asia Securities
17 December 2021
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