The COVID-19 pandemic has affected the global economy but the degree of impact varies based on the number of cases, action plan by the authorities, GDP contributing factors and agility in the implementation of policies. Sri Lanka has a 22 ...

The Economic Survey devoted an entire chapter to make a case for debt-led growth through public spending. They argued that public spending would result in increased incomes by way of a fiscal multiplier and further on, a crowd in private ...

Overall, the economic survey presents an optimistic picture of recovery suggesting a fiscal policy measure for the upcoming quarter. Despite being credited for the reforms undertaken during the past few months, the V-shaped recovery is possible only if the macro ...

The pandemic has caused a global economic crisis, declining growth rates, tumultuous financial markets accompanied by limping health care systems. With a focus on elevating health care, relief bills, and stimulus packages, countries are increasing spending sans an increase in ...

The recent GDP estimates released are Quarterly estimates and Year-on-Year basis. Only the agriculture sector has experienced a positive growth figure of 3.5 per cent in the past quarter. Among the key sectors, the steel industry continues to suffer a ...