Sri Lanka’s economic (GDP) growth in Sri Lanka is expected to ‘decelerate’ by around 1.5 per cent in 2020 from a growth of 2.3 per cent in 2019, before the economy recovers to attain its envisaged potential over the medium term, according to the Central Bank.
The bank in a section titled “COVID-19 and Sri Lanka: Challenges, Policy Responses and Outlook” contained in the CB annual report for 2019 released on Tuesday said that “through various direct and indirect channels, including the ongoing diversion of additional financial resources to support economic activity, the COVID-19 pandemic will adversely impact the progress of the economy during the year, contrary to previous expectations of a rebound in economic growth”.
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.
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