Inflation ( CCPI)1.7% (June 2024)
GDP5.3% (1Q 2024)
Unemployment4.3% (4Q 2023)
3M T-Bill Rate9.55%
12M T-Bill Rate10.07%
2Y T-Bond Rate10.55%/ 10.65%
4Y T-Bond Rate11.80% / 11.85%
USD/LKR303/304
Reserves $5.6Bn (June 2024)
Cum. Trade Deficit $2,180 Mn (May 2024 cumulative)
Cum. Fiscal DeficitLKR 361Bn (April 2024)

COVID-19 impact on tourism sector

Global IndexesApr 6, 2020
COVID-19 impact on tourism sector
The steep contraction in Chinese activity in Q1 will have caused the global economy to shrink sharply over this period. The big question now is whether the inevitable global GDP contraction in Q2 will be bigger or smaller than in Q1. Because of the degree to which the positive impulse in China will be swamped by weakness elsewhere.Economies such as South Korea which have largely avoided severe lockdowns, concerns about the spread of the virus still seem to be hitting sentiment hard, which suggests worse is yet to come.

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