Sri Lanka Equity Forum
Dear Reader,

Registration with the Sri Lanka Equity Forum would enable you to enjoy an array of other services such as Member Rankings, User Groups, Own Posts & Profile, Exclusive Research, Live Chat Box etc..

All information contained in this forum is subject to Disclaimer Notice published.


Thank You
Sri Lanka Equity Forum
Sri Lanka Equity Forum

Discussion Forum for Stock Market Investors in Sri Lanka

සිංහල පරිවර්තනය
Submit Post
Submit Post

Latest topics

» BFN බොරු සෙලින් දාලා කොහොම හරි 11 වගේ ගානට 500000 එකතු කරගන්න කියලා අර 14 ට ලක්ශයක් සෙලින් දැම්මේ මේ ටේලර් මහත්තයාම තමයි
by ddrperera Today at 9:22 am

» whats the purpose of Bomb blasts?
by sanjulanka Today at 9:11 am

» 8 Finance companaies to be closed very soon
by sanjulanka Today at 7:28 am

» Buy When There's Blood in the Streets
by God Father Today at 6:51 am

» Best Free forex signals provider
by Uaecoindubai Yesterday at 3:24 pm

» Chairmam of Sanasa arrested over suspicion of misappropriation of funds
by hammurabi Yesterday at 9:36 am

» Sri Lanka Kattadiyalage Wegapitiya tries to manipulate Household Gas prices in Gas market, Wegapitiya lead LAUGFS Gas in a secret Deal to Bankrupt Government's Litro Gas by affecting 1.3 Million Households and 5 million people in the country
by Uaecoindubai Sat Apr 20, 2019 2:55 pm

» Economic Health of Sri Lanka
by Uaecoindubai Sat Apr 20, 2019 2:30 pm

» What is going on with TFC.N0000
by Uaecoindubai Sat Apr 20, 2019 2:30 pm

» REEF possible run.
by hammurabi Sat Apr 20, 2019 6:50 am

» EAST INTERESTING DAYS AHEAD 25+
by glad Fri Apr 19, 2019 10:40 am

» Weekly Stock Market Roundup
by Insights Equity Fri Apr 19, 2019 8:35 am

» Would CIC make an upward move in the coming weeks?
by hammurabi Fri Apr 19, 2019 12:39 am

» Why AAIC Should trade above RS.50/-
by wisdom79 Thu Apr 18, 2019 8:08 pm

» Daily Stock Market Update
by Insights Equity Thu Apr 18, 2019 6:17 pm

» SME M&A opportunity
by raheem72@gmail.com Thu Apr 18, 2019 1:21 pm

» Sri Lanka Hilton Hotels Must Investigate or Oust Unfit and Improper - Kashmi App Bankrupted Sanjiv Alles who hides about his Career in Kashmi for Colombo Hilton Hotel Director Profile
by AmalHoole Thu Apr 18, 2019 12:47 pm

» Why ALHP is having a huge demand despite consecutive losses?
by wisdom79 Thu Apr 18, 2019 11:03 am

» TIME TO LOOK AEL
by sanjulanka Wed Apr 17, 2019 6:42 pm

» HEXP next run up to 120-130
by nishjaya Wed Apr 17, 2019 12:21 pm

» Cabinet nod for Colombo Stock Exchange to be converted to a company limited by shares
by glad Wed Apr 17, 2019 9:30 am

» Lanka Bell to be acquired by Mobitel - Sources
by soileconomy Wed Apr 17, 2019 7:07 am

» Sri Lanka Watapota (WAPO) Guardian Capital lose Rs. 10 Mn of Funds because of Kashmi App Closed down, Kashmi Co-Founder Bankrupt Sanjiv Alles now landed on Hilton Colombo Director Board owned by Yahapalana Government
by AmalHoole Tue Apr 16, 2019 3:17 pm

» සුභ අලුත් අවුරුද්දක් වේවා.
by sanjulanka Mon Apr 15, 2019 12:38 pm

» I bought PCHH.N and SING.N sometimes back?
by hammurabi Mon Apr 15, 2019 12:14 pm

» Highest temperature hike after 128 years in sri lanka
by nimantha80 Sun Apr 14, 2019 4:47 pm

» DEBTS FREE AAIC MUST MOVE UP,3.36BN FROFIT, MARCH Q 1.00BN
by wisdom79 Sun Apr 14, 2019 8:15 am

» VONE , is it time to sell or holds
by Uaecoindubai Sat Apr 13, 2019 1:27 pm

» HVA WILL THEY RECTIFY THE REGULATORS QUARIES BEFORE DEAD LINE?
by nimantha80 Fri Apr 12, 2019 3:12 pm

» NDB Leasing Centers open at Gampaha, Negombo
by Uaecoindubai Thu Apr 11, 2019 8:17 pm

» I met Karuna Today.
by Uaecoindubai Thu Apr 11, 2019 8:15 pm

» Look APLA its trending to 98LKR
by Uaecoindubai Thu Apr 11, 2019 8:13 pm

» ROYAL CERAMIC (RCL)
by Yahapalanaya Thu Apr 11, 2019 8:11 pm

» Look BPPL company
by Uaecoindubai Thu Apr 11, 2019 10:10 am

» PABC.N0000 ? Will come down to Rs. 11 - 12 level?
by Uaecoindubai Wed Apr 10, 2019 5:13 pm

» Any news on MBSL.N0000
by Uaecoindubai Wed Apr 10, 2019 4:56 pm

» New NDB Privilege Banking and Leasing Centres open in Kurunegala
by Soilconomy Wed Apr 10, 2019 11:30 am

» TIME TO WATCH - LOFC - BFN
by Uaecoindubai Wed Apr 10, 2019 11:20 am

» ශ්‍රිලංකාවේ ණය බරතාවය. Sri Lanka's Debt Trap
by soileconomy Wed Apr 10, 2019 7:28 am

» 2019 revised traffic fines
by Uaecoindubai Tue Apr 09, 2019 12:47 pm

» LLUB Surprise
by hammurabi Mon Apr 08, 2019 9:29 pm

» MARKET CRASH - GUARANTEED
by Uaecoindubai Mon Apr 08, 2019 5:11 pm

» Just 2% of investors control 95.7% of the stock market
by sanjulanka Mon Apr 08, 2019 8:47 am

» Lofc delisting??
by sanjulanka Mon Apr 08, 2019 8:17 am

» watch UBC -LDEV - BALA - LOFC
by karuna2 Mon Apr 08, 2019 7:43 am

» CHECK YOUR SELL ORDERS - BULLS ARE READY
by karuna2 Mon Apr 08, 2019 7:43 am

» REXP***REXP***REXP***REXP
by Uaecoindubai Sun Apr 07, 2019 11:20 pm

» Sena Yaddehige charged with insider dealing by Sri Lanka regulator
by Uaecoindubai Sun Apr 07, 2019 4:36 pm

You are not connected. Please login or register

Sri Lanka Equity Forum » Stock Market Talk » Sri Lanka economy to grow 4.0-pct in 2018

Sri Lanka economy to grow 4.0-pct in 2018

Go down  Message [Page 1 of 1]

1Sri Lanka economy to grow 4.0-pct in 2018 Empty Sri Lanka economy to grow 4.0-pct in 2018 on Fri Aug 03, 2018 8:02 pm

ruwan326

ruwan326
Senior Vice President - Equity Analytics
Senior Vice President - Equity Analytics
Sri Lanka's economy may grow may be about 4.0 percent in 2018, Central Bank Governor Indrajit Coomaraswamy said, lowering an earlier forecast of around 4.0-4.5 percent.

 "It’s unlikely that growth is going to be more than 4 percent this year," he told reporters Friday after holding  policy rates.

The economy was expected to grow by about 3.4 percent in the first half of 2018, and will have to grow by 4.6 percent during the latter half of the year to reach 4.0 percent.

A recovery in the agriculture sector and related industries will help growth.

Coomaraswamy said there was a negative output gap, and real interest rates were also high, with inflation in mid single digits indicating space for a policy rate cut, but major central banks were raising rates and Sri Lanka may face capital outflows, prompting the monetary authority to hold rates.

The central bank triggered a minor run on the rupee by printing large volumes of money in March and April to enforce a rate cut, but conditions are now stabilizing, after short term rates rose.

Analysts have pointed out that the biggest problem in Sri Lanka is the tendency of the central bank's domestic operations department to inject cash into the banking system though sudden 'quantity easing' style exercises, which tends to de-stabilize the credit system and the currency peg.

Services and industrial sectors are also expected to expand, the Central Bank said in its monetary policy statement Firday.

"The economy is projected to reach its potential over the medium term benefiting from a competitive flexible exchange rate, a low inflation environment and a stronger policy framework to support exports and investment, amidst continued fiscal consolidation." 

Last year growth fell to 3.2 percent, amid a credit slowdown and foreign reserve collections.

Coomaraswamy said there was a 'squeeze' on the economy from both monetary and fiscal tightening.
Sri Lanka is also expected to miss an International Monetary Fund reserve target for mid 2018, but will apply for a waiver.

The Central Bank collected over billion dollars of reserves in 2017, a practice which tends to dampen credit and growth, in general.

Analysts have pointed out that there is a credit recovery 18 months after the peak of the most recent balance of payments crisis. In the 2011/2012 crisis it took 26 months for credit to recover.

However this year there is an added dampener of a permanently depreciating currency which tends to kill domestic purchasing power and also generate political unrest.
Earlier this year, the Central Bank had expected growth to be around 4-4.5 percent. (COLOMBO, 3 August, 2018)

https://economynext.com/Sri_Lanka_economy_to_grow_4.0_pct_in_2018-3-11430.html

2Sri Lanka economy to grow 4.0-pct in 2018 Empty Re: Sri Lanka economy to grow 4.0-pct in 2018 on Fri Aug 03, 2018 9:05 pm

DS Wijesinghe


Senior Manager - Equity Analytics
Senior Manager - Equity Analytics
Extremely disappointing. 

Even Bhutan is forecasted to grow by 7.1% and Bangladesh by 7%.

Maldives with all their political uncertainity by 5%.

India is expected to grow by 7.4% and Nepal by 5%

Back to top  Message [Page 1 of 1]

Permissions in this forum:
You cannot reply to topics in this forum