Macroeconomics and Policy Efficiency

Sri Lanka as an Emerging Economy

By Deshal de Mel, Research Economist – IPS An article recently featured in the Economist ( outlined some of the developments in the world’s major emerging markets – particularly focusing on the evolution of these economies from sources of cheap …

Fourth Quarter GDP: Recovery of Industry but Downside Risks Remain

> By Deshal De Mel – Research Economist – IPS In the final quarter of 2009 Sri Lanka’s economy continued to recover from a poor economic performance in the first half of 2009. The 6.2% fourth quarter growth signaled a …

The Sri Lankan Economy in the New Decade: What are the Policy Priorities?

The last decade was one of significant challenges for the Sri Lankan economy. It began with the economic contraction of 2001 (1.5% GDP contraction), following drought, terrorist attacks, the tsunami in December 2004, and finally, the global financial and economic …

Third Quarter GDP Performance: The Return of Growth in Services

The latest GDP statistics are encouraging, nonetheless questions remain. For instance, to what extent is the economic recovery in Sri Lanka driven by fiscal expansion as opposed to underlying private sector demand? If this is the case, how sustainable is the recovery, given the need for curtailing fiscal expansion (due to for instance IMF Agreement targets)? Will post war private sector demand be able to compensate for reductions in public expenditure?

V for Asia: What About Sri Lanka?

Asia’s growth prospects and drivers were reviewed in our earlier post; we now take a closer look at Sri Lanka. Sri Lanka’s economy began a serious downturn in the latter half of 2008. Quarterly GDP growth declined from over 7% in the 2nd quarter of 2008 to 4.3% in the 4thquarter of 2008. As expected, the economy suffered further in the first half of 2009 but with a slight improvement in the 2nd quarter of 2009

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