Sri Lanka’s economic growth slows dramatically

by admin
Dec 18, 2012

Sri Lanka’s GDP has grown by 4.8% in the third quarter of 2012, compared to 8.5% during the same period last year.

The growth is the slowest since the end of the armed conflict in 2009.

The industry sector grew by 7.3%, a decrease from last year’s 10.8%, while agriculture contracted by 0.5%, compared to 6.5% growth last year.

The manufacturing sector grew 3.3%, slowing from 7.7 percent last year, with textiles and apparel expanding by 2.9%, a large drop from the 10.2% recorded a year earlier.

Growth Trend – LBO (19 Dec 2012)

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