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

COLOMBO, Oct. 3 (Xinhua) — Sri Lanka’s economy is expected to grow by 1.7 percent in 2024 after contracting by 3.8 percent in 2023, the World Bank said in its twice-a-year update on Tuesday.

The World Bank said that the outlook is clouded with uncertainty and that growth prospects depend on progress with debt restructuring and the implementation of critical structural reforms.

The World Bank released on