January 01, Colombo (LNW): Central Bank Governor Nandalal Weerasinghe during an interview with Ada Derana expressed optimism about improved economic conditions in Sri Lanka for the year 2024.
Weerasinghe indicated that the country is on a positive trajectory toward recovery, foreseeing continued growth from the fourth quarter of 2023 into 2024.
This trend is expected to lead to the normalisation of the economy and an enhancement of livelihoods, the CB Chief pointed out.
However, Dr. Weerasinghe cautioned that challenges, such as high taxation in specific sectors, are anticipated, adding that these measures are deemed necessary to provide relief to those most severely affected by the economic crisis.
Despite these challenges, the Governor outlined a positive economic outlook for 2024, predicting low-interest rates, reduced government borrowings, and increased resources available for private sector business operations.
