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Sri Lanka expects economy to recover gradually in second half of 2023

COLOMBO, Jan. 5 (Xinhua) — Sri Lanka’s central bank has said that the country’s economy, which is in shatters, is expected to recover gradually beginning from the second half of 2023.

The central bank announced its monetary policies for 2023 on Wednesday, saying that rapid acceleration of inflation that began from early 2022 turned around in October 2022.

“The Sri Lankan economy, which is projected to re