Growth targets | Daily FT

Sri Lanka grew 1.3% in 4Q of 2020, fighting back from a second wave to end a challenging year with a 3.6% contraction, which is slightly lower than the 3.9% negative growth projected. The Central Bank expects 1Q growth to be about 3% or slightly higher, setting the stage for the 5.5%-6% growth target set by the Government. For the first time in the history, in 2020 all three major economic activities of Agriculture, Industry and Services reported negative growth rates of 2.4%, 6.9% and 1.5% respectively, when compared to the previous year. The reported three negative growth rates of major econ…

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HEDGE accordingly