Macro Analysis /
Global

Sri Lanka: Economic Update - GDP growth recorded YoY; momentum dampened QoQ

  • 2Q 2021 grows 12.3% YoY on low base; contracts 9.4% QoQ due to COVID-19 impact

  • 2H 2021 to continue momentum; low Dollar liquidity and low fiscal space key concerns to growth momentum

  • Services sector expands 7.5% YoY driven by IT programming, Accommodation; contracts 7.6% QoQ

Lakshini Fernando
Asia Securities
21 September 2021
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