Currency, the Biggest Risk to Sri Lanka’s Economy in 2019, IPS Executive Director Warns
17 January 2019
Colombo, Sri Lanka
IPS Executive Director, Dushni Weerakoon, argued that the biggest risk to the Sri Lankan economy in 2019 is the currency. In a low growth environment, a 20% depreciation of the Sri Lankan rupee poses risk, not in terms of inflation, but in terms of Sri Lanka’s debt repayment outlook, she warned.
Dr. Weerakoon was speaking as a panelist at the ‘Seminar on Economy Sector Review and Outlook 2019’, organised by the Ceylon Chamber of Commerce on 17 January 2019, in Colombo. It focused on the theme of Building Resilience Amidst Uncertainty.
The seminar discussed the performance, trends and outlook in key sector including tea, rubber, apparel, consumer durables, FMCG, tourism, financial sector, construction, logistics and transport.