Inflation ( CCPI)6.4% (Jan 2024)
GDP1.6% (3Q 2023)
Unemployment5.2% (2Q 2023)
3M T-Bill Rate9.79%
12M T-Bill Rate10.02%
2Y T-Bond Rate11.05%/ 11.10%
4Y T-Bond Rate12.20% / 12.30%
USD/LKR313/314
Reserves $4.5Bn (Jan 2024)
Cum. Trade Deficit $4,866 Mn (Dec 2023 cumulative)
Cum. Fiscal DeficitLKR 2,020 Bn (Nov 2023)

Sri Lanka Oil import burden to be reduce significantly thanks to Global price war

EnergyMar 9, 2020
Sri Lanka Oil import burden to be reduce significantly thanks to Global price war
FT: Lower oil prices may provide a mild economic boost for large oil importers that is likely to be largely overshadowed by the impact of the coronavirus, while weaker commodity-dependent countries could find themselves facing huge budget gaps. Goldman Sachs, one of the most influential banks in commodity markets, on Sunday lowered its price forecast for Brent to $30 a barrel for the second and third quarters, and warned there could be dips to $20 a barrel in the coming weeks. On the other hand the countries that depend on the oil-rich countries for worker remittances will suffer in the long run.

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