Sri Lankan PM says economic growth to reach 7.5 pct within 5 years

Source: Xinhua| 2019-10-30 17:35:25|Editor: xuxin
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COLOMBO, Oct. 30 (Xinhua) -- Sri Lankan Prime Minister Ranil Wickremesinghe on Tuesday predicted that the country's economic growth would reach 7.5 percent within the next five years following the development projects launched by the government.

Speaking with journalists in capital Colombo, Wickremesinghe said that following the suicide attacks on April. 21, the island's economic growth had reduced greatly, but within six months after the attacks, the economy was showing a gain once again.

"Unlike other countries which suffer from terrorist attacks, Sri Lanka's economy was able to turn around within six months. I am confident within the next five years, our growth can reach up to 7.5 percent," Wickremesinghe said.

The World Bank, in its latest report, downgraded Sri Lanka's economic growth to 2.7 percent in 2019 but predicted a recovery next year.

The World Bank said the island's economic growth would depend on how it ensures political stability and continues reforms to strengthen revenue.

Sri Lanka faces a presidential poll on Nov. 16 followed by parliamentary polls in early 2020.