November, 11, 2021
The Central Bank of Sri Lanka today published “Recent Economic Developments: Highlights of 2021 and Prospects for 2022” online. The publication can be downloaded via the Central Bank Website in Sinhala, Tamil and English languages.
An overview of the performance of the Sri Lankan economy in 2021, as reflected in “Recent Economic Developments”, the box articles in chapter 1 and the infographic published therein are given below:
The Sri Lankan economy rebounded strongly from the COVID-19 pandemic induced contraction in 2020. The real economy grew by 8.0%, y-o-y, in the first half of 2021, registering a broadbased recovery of the major sectors of the economy. This recovery was underpinned by the extraordinary policy stimuli provided by the Government and the Central Bank across a wide spectrum of businesses and individuals, phasing out of the selective mobility restrictions in tandem with the nationwide vaccination programme, and normalising global activity.