S.Lanka says ’08 growth to hit 4-yr low of 6 pct
[Reuters]
Sri Lanka’s economic growth will slow to its lowest level since 2004, to near 6 percent, down from last year’s 6.8 percent, due to global and local economic conditions, officials said on Tuesday. Sri Lanka has been maintaining above 6 percent growth since 2004 and expected a minimum of 6.5 percent expansion, revised in September from the central bank’s original estimate of 7 percent. “It will be around 6 percent,” said Suranjana Vidyaratne, director-general of the Department of Census and Statistics, a state institution in charge of compiling national accounts.