Sri Lanka’s Business Slow Down

 

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Sri Lanka’s economic growth slowed to 6.4 percent in 2012 from a scorching 8.2 percent the previous year, data showed on Friday, hit by declining exports and weaker farm output.

The economy grew by 6.3 percent in the final financial quarter to December from a year earlier, the statistics department said, picking up from 4.8 percent growth in the July-to-September quarter.

Sri Lanka’s Treasury chief Punchi Banda Jayasundera has forecast the economy will pick up in the current 2013 financial year to December 31 and grow by seven to 7.5 percent.

 

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