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CBSL Governor hopeful of 6 per cent growth but sounds cautionary note



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Central Bank Governor Dr. Indrajit Coomaraswamy envisages an economic growth of 5.5 percent to 6 percent but this projected growth for 2017 comes with a word of caution on significant downsides from the prevailing volatile global economic climate and a possible slowdown in the agricultural sector along with limitations in power generation due to prevailing weather conditions.

"It is too early to tell how significant these will be. But the fact that the economy is stabilising, we hope, will result in greater investment activities with both the domestic and foreign investor communities. It is part of a natural progression as the economy becomes more stable that you see investment coming in and amplifying growth, he said, among other things, in the course of the 21st annual tax oration organised and held recently by the Faculty of Taxation, Institute of Chartered Accountants of Sri Lanka.

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