High growth expected
May 7, 2010 by SAF Desk
Filed under News at a glance
Stable macroeconomic environment :
Inflation must remain at single digit level:
Sanjeevi JAYASURIYA
Sri Lanka’s actual potential growth rate is above eight percent and can reach even nine to 10 percent by 2015 like India and China, a senior economist said.
Economic growth in 2010 will be closer to six percent and to make this growth sustainable and move to a higher growth of seven percent in 2011 and to an even higher level beyond 2011.
Sri Lanka should bring down the budget deficit and create a stable macroeconomic environment, Institute of Policy Studies Executive Director Dr Saman Kelegama said.
“Sri Lanka has been growing at average five percent during the first two and a half decade under the open economy and averaged around six percent during 2005-2008 period,” he said at the launching of Economic and Social Survey of Asia and the Pacific report yesterday.
The two key impediments to achieve high growth – war and lack of political stability is now out of the way……