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World Bank forecasts Sri Lankan economy to grow 1.7 pct in 2024

COLOMBO, Jan. 10 (Xinhua) — The World Bank forecasts the Sri Lankan economy to grow by 1.7 percent in 2024 and by 2.4 percent in 2025, according to its report on global economic prospects made available to the local press on Wednesday.

According to the World Bank, the country’s economy is estimated to have recorded a negative growth of 3.8 percent in 2023.

Although the output in Sri Lanka is also estimat