Business Times

Most Sri Lankans believe economy has improved-study reveals

Most Sri Lankans believe the ‘general economic’ situation in the country has seen some improvements after the end of the conflict, a new survey has revealed. In a survey on post-war democracy in Sri Lanka, the study conducted by Social Indicator (SI), the survey research unit of the Centre for Policy Alternatives (CPA) found 10.7% of Sri Lankans saying the general economic situation in the country has got a lot better while 38% said that it has got a little better. 15.5% believe it has stayed the same.

“However, 19.7% said that it has got a little worse while 16% said it has got a lot worse. In terms of the ethnicity of the respondents, it is mostly the Sinhala and Tamil who believe it has got a lot or little better, with the Sinhalese respondents being the most optimistic, when compared to the Up country Tamil and Muslim respondents. 57.1% of Up country Tamil respondents believe that the general economic situation in the country has got a lot worse in the last two years,” the study said.

The study focused on the economy and security two years after the war ended. The island-wide opinion poll was conducted in all 25 districts of Sri Lanka with face to face interviews with a sample of 2000 respondents.

“With regard to the future of the economic situation in the country, around 60% of Sri Lankans have a positive outlook about it as 21.6% said that it will get a lot better and 41.5% said that it will get a little better. 15.2% think that it will stay the same while 8.9% think it will get a little worse. 12.8% said it will get a lot worse. Again, it is the Sinhala and Tamil communities who appear to be more positive about the future of the country’s economic,” the study reveals.

On the general economic situation of the country aside and how does the financial situation in people’s households now compare with what it was two years ago, the study noted that when it comes to the financial situation at the household level, most believe it has not got better.

“19.6% said that it has got a lot worse while 21.7% said it has got a little worse. 3.7% of Sri Lankans believe it has got a lot better, while 27% said it has only got a little better. Most respondents from the Up country Tamil and Muslim communities said that the financial situation in their household has got a lot worse or a little worse when compared to two years ago. 58.3% of Up country Tamil respondents said it has a got a lot worse while 31.4% of Tamil and Muslim respondents stated the same,” it said.

Top to the page  |  E-mail  |  views[1]
SocialTwist Tell-a-Friend
 
Other Business Times Articles
Suntel saga: Now SLT in the running with $200 mln deal
Customs to open Green Channel for 75 companies
Sapugaskanda oil refinery project meets Iranian hurdle
Sanken, JKH JV on 240-room business hotel in Colombo
Largest-ever company sponsored overseas trip
COMMENT - Persisting conflicts of interest
Das Kapital in a tea cup
Colombo Dockyard beats international competition to win another top contract
Most Sri Lankans believe economy has improved-study reveals
SLASSCOM elects new Chairman and board for 2011
Sri Lanka is a goldmine for tourism, says expert
Another environmental accolade for SriLankan Catering
Eagle unit offers to retail investors on IPO investmentds
Market research needed to minimise risk and uncertainty in markets
COYLE launches series on successful Lankan entrepreneurs
Industrial Gases Pvt Ltd begins dry ice production
Derivatives: Need to create market maker (participant)
Commercial Bank to support national development with IFA loan
LINA Manufacturing (Pvt) pioneers export of dry powder respiratory care products
Janashakthi records post-tax profit growth of 93%
SriLankan Catering wins sixth environmental award
Nestlé Lanka receives highest number of awards at Achievers 2011
Sri Lanka car market registrations slump in July
Motor Traders Association comes up with a novel concept on road safety
Shaw Wallace Ceylon, McLarens Holdings form joint venture in automotive sector
Sathosa Motors focuses on product development and new technologies
A Singapore company offers dedicated service for Hybrid cars in Sri Lanka
SEC fine on ERI; Easy way out?
Large shareholders say no shine at Blue Diamond
Controlling shareholders enrich themselves at cost of independent minority shareholders- investor
ICASL launches 'Induction to Hall of Fame' to recognize outstanding senior chartered accountants
Big business at the Colombo bourse
Promoting SriLankan Airlines’ surfing competition
CB Governor says Sri Lanka's GDP would reach $100 billion in five years

 

 
Reproduction of articles permitted when used without any alterations to contents and a link to the source page.
© Copyright 1996 - 2011 | Wijeya Newspapers Ltd.Colombo. Sri Lanka. All Rights Reserved | Site best viewed in IE ver 8.0 @ 1024 x 768 resolution