The Sri Lankan economy experienced slower growth in the first quarter of the year as the effects of a high base began to take hold. According to the Statistics Department, gross domestic product (GDP) increased by 4.8% in the three months leading up to March, compared to the same period last year. This marks a decline from the 5.4% growth recorded in the October-December quarter. The slowdown reflects the challenges posed by a high base effect, which makes year-on-year comparisons more difficult. Despite the deceleration, the country continues to navigate its economic recovery while adjusting monetary policies to support sustainable growth.
— new from Bloomberg.com
