S Lanka’s central bank downgrades economic growth to 3.0pc

COLOMBO, July 14 (Xinhua): Sri Lanka's economic growth forecast for this year has been downgraded to 3 per cent from an earlier 4 per cent, though the country is on the path to recovery from the Easter Sunday attacks, Central Bank Governor Indrajit Coomaraswamy said on Friday.

"We expected growth to be about 4.0 per cent earlier this year but we have now revised it down to 3.0 per cent of GDP," Coomaraswamy was quoted by local media as saying.

Certainly the second quarter growth will be disappointing," he told reporters.

Coomaraswamy said the country was on a path to recovery following suicide bombings on April 21 which killed over 250 people and injured over 500.