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Message: <blockquote data-quote="hirashgeff" data-source="post: 29650961" data-attributes="member: 15895"><p><h3>The World Bank revised up its forecasts for Sri Lanka's economy on Tuesday, noting the crisis-hit nation had made strides in reducing inflation and had benefited from tourism revenue as well as an appreciation in its currency.</h3><h3>The bank now expects the economy to expand 1.7% in 2024, up from an earlier forecast of 1%. It also said the economy is likely to shrink 3.8% this year, less than its earlier prediction of a 4.2% contraction.</h3><h3>In the last six months, Sri Lanka has seen runaway inflation drop to 1.3% in September, its currency appreciate by about 12% and foreign exchange reserves improve. It has also benefited from an increase in remittances.</h3><h3>But the World Bank also noted Sri Lanka's outlook was still clouded by significant uncertainty and there were downside risks.</h3><h3>"Growth prospects will depend on progress with debt restructuring as well as continued implementation of growth enhancing structural reforms," Richard Walker, a World Bank senior economist told a media briefing.</h3><p></p><h3>ඉහි ඉහි ඡන්දේ ලඟයි කියලා   ලෝක බැංකුව බයවුනාද මන්දා...</h3></blockquote><p></p>

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