Inflation ( CCPI)1.5% (April 2024)
GDP4.5% (4Q 2023)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate8.76%
12M T-Bill Rate9.29%
2Y T-Bond Rate10.00%/ 10.05%
4Y T-Bond Rate10.70% / 10.80%
USD/LKR299/300
Reserves $5.438Bn (April 2024)
Cum. Trade Deficit $1,229 Mn (March 2024 cumulative)
Cum. Fiscal DeficitLKR 2,320 Bn (Dec 2023)

Global Energy demand is expected to fell by 4 percent in 2020 but demand for renewable energy to grow

EnergyOct 22, 2020
Global Energy demand is expected to fell by 4 percent in 2020 but demand for renewable energy to grow
The Covid-19 pandemic upended energy markets in 2020, with lockdowns, crimped industrial activity, and restrictions on travel causing global energy consumption to contract by an estimated 4%. Demand for oil, gas, and coal all fell this year, although consumption of renewables, especially solar and wind, increased. Consumption of renewables (including solar, wind, hydro, geothermal, and biomass) will grow in both 2020 and 2021, outpacing fossil fuels. For solar and wind, however, growth will be much stronger next year. The Economist Intelligence Unit forecasts a combined increase of 13%, which reflects the resilience of low-carbon sources even as the Covid-19 pandemic depresses overall energy consumption.

Disclaimer

Charts represents an assessment of the market environment as of the date indicated and it is subject to change; and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice regarding the funds or any issuer or security in particular. The strategies discussed are strictly for illustrative and educational purposes and should not be construed as a recommendation to purchase or sell, or an offer to sell or a solicitation of an offer to buy any security. There is no guarantee that any strategies discussed will be effective.

The information presented does not take into consideration commissions, tax implications, or other transactions costs, which may significantly affect the economic consequences of a given strategy or investment decision. This document contains general information only and does not take into account an individual’s financial circumstances. An assessment should be made as to whether the information is appropriate in individual circumstances and consideration should be given to talking to a financial advisor before making an investment decisions.