The Investor Sentiment - Equity and investments forum for Sri Lankans



Join the forum, it's quick and easy

The Investor Sentiment - Equity and investments forum for Sri Lankans

The Investor Sentiment - Equity and investments forum for Sri Lankans

Would you like to react to this message? Create an account in a few clicks or log in to continue.
The Investor Sentiment - Equity and investments forum for Sri Lankans

The Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSEThe Lankan Investor Forum - A more respectable and reasonable place for members to discuss matters regarding the CSE

Please send an email to contact.lankaninvestor@gmail.com if you face any technical difficulties when posting

Latest topics

» CIFC Dumps to Expand Your Possibilities to Pass Your Exam
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptyFri Jul 19, 2024 10:30 am by faithhharris

» CCS.N0000 ( Ceylon Cold Stores)
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptyWed Mar 20, 2024 11:31 am by Hawk Eye

» Sri Lanka plans to allow tourists from August, no mandatory quarantine
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptyWed Sep 13, 2023 12:16 pm by lauryfriese

» When Will It Be Safe To Invest In The Stock Market Again?
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptyWed Apr 19, 2023 6:41 am by කිත්සිරි ද සිල්වා

» Dividend Announcements
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptyWed Apr 12, 2023 5:41 pm by කිත්සිරි ද සිල්වා

» MAINTENANCE NOTICE / නඩත්තු දැනුම්දීම
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptyThu Apr 06, 2023 3:18 pm by කිත්සිරි ද සිල්වා

» ඩොලර් මිලියනයක මුදල් සම්මානයක් සහ “ෆීල්ඩ්ස් පදක්කම” පිළිගැනීම ප්‍රතික්ෂේප කළ ගණිතඥයා
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptySun Apr 02, 2023 7:28 am by කිත්සිරි ද සිල්වා

» SEYB.N0000 (Seylan Bank PLC)
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptyThu Mar 30, 2023 9:25 am by yellow knife

» Here's what blind prophet Baba Vanga predicted for 2016 and beyond: It's not good
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptyThu Mar 30, 2023 9:25 am by HaeroMaero

» The Korean Way !
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptyWed Mar 29, 2023 7:09 am by කිත්සිරි ද සිල්වා

» In the Meantime Within Our Shores!
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptyMon Mar 27, 2023 5:51 pm by කිත්සිරි ද සිල්වා

» What is Known as Dementia?
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptyFri Mar 24, 2023 10:09 am by කිත්සිරි ද සිල්වා

» SRI LANKA TELECOM PLC (SLTL.N0000)
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptyMon Mar 20, 2023 5:18 pm by කිත්සිරි ද සිල්වා

» THE LANKA HOSPITALS CORPORATION PLC (LHCL.N0000)
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptyMon Mar 20, 2023 5:10 pm by කිත්සිරි ද සිල්වා

» Equinox ( වසන්ත විෂුවය ) !
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptyMon Mar 20, 2023 4:28 pm by කිත්සිරි ද සිල්වා

» COMB.N0000 (Commercial Bank of Ceylon PLC)
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptySun Mar 19, 2023 4:11 pm by කිත්සිරි ද සිල්වා

» REXP.N0000 (Richard Pieris Exports PLC)
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptySun Mar 19, 2023 4:02 pm by කිත්සිරි ද සිල්වා

» RICH.N0000 (Richard Pieris and Company PLC)
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptySun Mar 19, 2023 3:53 pm by කිත්සිරි ද සිල්වා

» Do You Have Computer Vision Syndrome?
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptySat Mar 18, 2023 7:36 am by කිත්සිරි ද සිල්වා

» LAXAPANA BATTERIES PLC (LITE.N0000)
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptyThu Mar 16, 2023 11:23 am by කිත්සිරි ද සිල්වා

» What a Bank Run ?
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptyWed Mar 15, 2023 5:33 pm by කිත්සිරි ද සිල්වා

» 104 Technical trading experiments by HUNTER
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptyWed Mar 15, 2023 4:27 pm by katesmith1304

» GLAS.N0000 (Piramal Glass Ceylon PLC)
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptyWed Mar 15, 2023 7:45 am by කිත්සිරි ද සිල්වා

» Cboe Volatility Index
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptyTue Mar 14, 2023 5:32 pm by කිත්සිරි ද සිල්වා

» AHPL.N0000
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptySun Mar 12, 2023 4:46 pm by කිත්සිරි ද සිල්වා

» TJL.N0000 (Tee Jey Lanka PLC.)
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptySun Mar 12, 2023 4:43 pm by කිත්සිරි ද සිල්වා

» CTBL.N0000 ( CEYLON TEA BROKERS PLC)
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptySun Mar 12, 2023 4:41 pm by කිත්සිරි ද සිල්වා

» COMMERCIAL DEVELOPMENT COMPANY PLC (COMD. N.0000))
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptyFri Mar 10, 2023 4:43 pm by yellow knife

» Bitcoin and Cryptocurrency
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptyFri Mar 10, 2023 1:47 pm by කිත්සිරි ද සිල්වා

» CSD.N0000 (Seylan Developments PLC)
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptyFri Mar 10, 2023 10:38 am by yellow knife

» PLC.N0000 (People's Leasing and Finance PLC)
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptyThu Mar 09, 2023 8:02 am by කිත්සිරි ද සිල්වා

» Bakery Products ?
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptyWed Mar 08, 2023 5:30 pm by කිත්සිරි ද සිල්වා

» NTB.N0000 (Nations Trust Bank PLC)
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptySun Mar 05, 2023 7:24 am by කිත්සිරි ද සිල්වා

» Going South
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptySat Mar 04, 2023 10:47 am by කිත්සිරි ද සිල්වා

» When Seagulls Follow the Trawler
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptyThu Mar 02, 2023 10:22 am by කිත්සිරි ද සිල්වා

» Re-activating
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptySat Feb 25, 2023 5:12 pm by කිත්සිරි ද සිල්වා

» අපි තමයි හොඳටම කරේ !
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptyTue Feb 14, 2023 3:54 pm by ruwan326

» මේ අර් බුධය කිසිසේත්ම මා විසින් නිර්මාණය කල එකක් නොවේ
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptyTue Jan 03, 2023 6:43 pm by ruwan326

» SAMP.N0000 (Sampath Bank PLC)
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptyWed Nov 30, 2022 8:24 am by කිත්සිරි ද සිල්වා

» APLA.N0000 (ACL Plastics PLC)
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptyFri Nov 18, 2022 7:49 am by කිත්සිරි ද සිල්වා

» AVOID FALLING INTO ALLURING WEEKEND FAMILY PACKAGES.
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptyWed Nov 16, 2022 9:28 pm by කිත්සිරි ද සිල්වා

» Banks, Finance & Insurance Sector Chart
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptyTue Nov 15, 2022 5:26 pm by කිත්සිරි ද සිල්වා

» VPEL.N0000 (Vallibel Power Erathna PLC)
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptySun Nov 13, 2022 12:15 pm by කිත්සිරි ද සිල්වා

» DEADLY COCKTAIL OF ISLAND MENTALITY AND PARANOID PERSONALITY DISORDER MIX.
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptyMon Nov 07, 2022 6:36 pm by කිත්සිරි ද සිල්වා

» WATA - Watawala
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptySat Nov 05, 2022 8:44 am by කිත්සිරි ද සිල්වා

» KFP.N0000(Keels Food Products PLC)
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptySat Nov 05, 2022 8:42 am by කිත්සිරි ද සිල්වා

» Capital Trust Broker in difficulty?
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptyFri Oct 21, 2022 5:25 pm by කිත්සිරි ද සිල්වා

» IS PIRATING INTELLECTUAL PROPERTY A BOON OR BANE?
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptyThu Oct 20, 2022 10:13 am by කිත්සිරි ද සිල්වා

» What Industry Would You Choose to Focus?
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptyTue Oct 11, 2022 6:39 pm by කිත්සිරි ද සිල්වා

» Should I Stick Around, or Should I Follow Others' Lead?
Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank EmptyTue Oct 11, 2022 9:07 am by කිත්සිරි ද සිල්වා

Disclaimer


Information posted in this forum are entirely of the respective members' personal views. The views posted on this open online forum of contributors do not constitute a recommendation buy or sell. The site nor the connected parties will be responsible for the posts posted on the forum and will take best possible action to remove any unlawful or inappropriate posts.
All rights to articles of value authored by members posted on the forum belong to the respective authors. Re-using without the consent of the authors is prohibited. Due credit with links to original source should be given when quoting content from the forum.
This is an educational portal and not one that gives recommendations. Please obtain investment advises from a Registered Investment Advisor through a stock broker


    Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank

    The Invisible
    The Invisible


    Posts : 3116
    Join date : 2016-11-28
    Age : 45

    Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank Empty Sri Lanka to grow 1.5-pct in 2020, imports to shrink US$4.5bn: Central Bank

    Post by The Invisible Tue Apr 28, 2020 5:16 pm

    ECONOMYNEXT – Sri Lanka would grow 1.5 percent in 2020, down from 2.3 percent a year earlier amid a Coronavirus crisis and imports would shrink by 4.5 billion dollars while exports would fall 3.2 billion US dollars to 8.7 billion US dollars, the central bank has said.

    Sri Lanka’s growth slowed in 2019 as the economy was recovering from a currency collapse in 2018 and was just starting to stabilize in early 2020 in a cyclical recovery, though attempts to ‘stimulate’ the economy through tax cuts triggered alarm among investors and rating agencies.

    On top of a widening budget deficit, the central bank cut rates on January 30 and liquidity injections started just before a Coronavirus crisis hit analysts have shown.

    ..[T]he outbreak of the COVID-19 pandemic, the containment measures adopted by all countries including Sri Lanka, and the resultant projected contraction in the global economy, triggered further uncertainties regarding the country’s economic performance in 2020,” the central bank said releasing its 2019 annual report.

    “In the near term, the economy is likely to be impacted severely in terms of its growth, fiscal, external, and financial sector performance, while causing hardships to all stakeholders of the economy.”

    The IMF had said Sri Lanka’s growth would contract 0.5 percent but would recover the following year from a low base.

    The central bank is forecasting growth to recover to 4.5 percent and gross domestic product (at market prices) to end the year at 15,925 billion rupees from 15,016 billion rupees in 2019.

    Annual average inflation is forecast at 4.5 percent in 2020 from 4.3 percent in 2019. There is no forecast for year-end inflation.

    The central bank is forecasting the 2020 deficit to be 7.9 percent of GDP from 6.8 percent in 2019 and central government debt to spike to 9.2.4 percent from the current 86.8 percent.

    Imports would shrink by 4.5 billion dollars to 15.4 billion US dollars while exports would fall 3.2 billion US dollars to 8.7 billion US dollars, the central bank has said.

    Imports are driven not just by hard goods export income but also remittance, tourism, and net borrowings of the government. Any fall in dollar income would lead to a fall of imports in the absence of money printing.

    Any printed money whether for monetary policy or deficit finance however would drive imports especially shortly after money is printed and pressure the currency.

    The rupee had come under severe pressure in recent weeks amid record liquidity injections. (Colombo/Apr28/2020)

      Current date/time is Sun Nov 10, 2024 7:26 am