The Asian Development Bank (ADB) stated on Tuesday that Sri Lanka’s economy is expected to see negative growth this year but a recovery is likely to kick in, in 2024.
Inflation is forecast to moderate in 2023 and to be within the target band next year, it was announced in Colombo in releasing the ADB Asia Outlook 2023 report.
The ADB said it wants Sri Lanka to remain on track in terms of macroeconomic stability and structural reforms. (SD)
A Sri Lanka Air Force Bell 212 helicopter belonging to the No. 72 squadron has crashed into the Madhuru Oya reservoir this morning, Air FOrce Media Spokesman Eranda Geeganage said.
Read this week’s Sunday Times for your interesting articles including the ’’5th Column’’.
In its first electoral test since taking power, the ruling National People’s Power (NPP) fell short of expectations, winning only around 40 % of the national vote in Tuesday’s local government election and falling short of enough seats to gain control of the majority of councils.
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