Analysis by Region - Emerging Markets - Sri Lanka
We lifted our 2025 GDP growth forecast for Sri Lanka to 3.8% y/y, 0.1ppts above consensus. President Dissanayake's administration has signalled it will continue the stabilisation plan, and the mini budget includes restrained fiscal spending. Sri Lanka's GDP grew by 5.5% y/y in Q3, driven by a 10.8% y/y expansion in industrial activities, particularly construction. We raised our 2024 GDP growth forecast by 0.5ppts to 5%, given stronger-than-expected momentum over Q3.
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