Sri Lanka’s economic growth is projected to grow by 3.6% this year and 3.8% next year from the 3.2% growth last year. While regional countries such as India and Bangladesh are expected to perform much better than Sri Lanka in terms of economic growth, the country will have a slower growth rate due to adverse weather and fiscal consolidation efforts tied up with the IMF funding program, Senior Country Economist at ADB’s Sri Lanka Resident Mission Utsav Kumar said in Colombo last week.
