The Department of Census and Statistics has reported that Sri Lanka’s economy has grown by 4.3% in the first quarter of 2021 in comparison to a negative growth rate of 1.8 percent in the first quarter of 2020. These estimates of Gross Domestic Product (GDP) and other macroeconomic indicators were released at current prices and fixed prices (2010) under the Product Process for the period from January 1 to March 31, 2021. It was also noted that businesses and economies continued to operate despite the restrictions imposed by the second wave of the Covid wave, and that the conduct of many economies remained at a satisfactory level throughout the first quarter of 2021. According to the Department of Census and Statistics, the country’s economic growth in the first quarter of this year is estimated to bounce back in line with the GDP growth in the first quarter of 2020.

Source: The Nation July 12, 2021 20:26 UTC