Macro Analysis /

Sri Lanka: Economy contracts in 1Q; 2Q and 3Q ‘22 to face further pressure

  • Services sector records 0.7% YoY growth in 1Q 2022 as Accommodation, F&B activities and IT programming support growth

  • Industrial sectors contracts 4.7% YoY amidst fuel, electricity shortages, challenges to opening LCs for raw materials

  • Impact of fertiliser ban emerges; Agri sector recorded steepest contraction since 2015

Lakshini Fernando
Asia Securities
29 June 2022
Published byAsia Securities


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