Positioned between west and east Asia, Sri Lanka sits on a major maritime route between Europe and the Far East and its natural resources have made it a trading centre for millennia.
Sri Lanka
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Enhancing Sri Lanka’s renewable capacity is a key aim of new proposals for the power sector, with the threat of climate change also engendering a shift in the country’s energy mix.
Rising numbers of tourists from abroad and a state-led campaign to expand medical tourism could attract further investment to Sri Lanka’s health care sector, creating additional opportunities for its hospitality industry in the process.
Rising demand and expectations of stronger sales should sustain growth in Sri Lankan manufacturing in 2017, though labour shortages will need to be addressed to maintain this trajectory.
Greater consumer confidence could bring about higher returns from Sri Lanka’s retail sector, though the possibility of a further tightening of monetary policy by the country’s central bank might offset any near-term gains.
Economic update | Sri Lanka Year in Review 2016
19 Jan 2017
Underpinned by solid growth and boosted by medium-term fiscal support, the Sri Lankan economy rode out a difficult year in 2016, though government measures to curb spending and boost revenue may impact investment and expansion in the coming year.