"Connecting communities, empowering nations: Unifying the Regional and Global Economy ."

In recent years, Sri Lanka has experienced a turbulent economic journey, with a significant GDP contraction in 2022. However, the economy has slowly but steadily recovered in 2023. The Sri Lankan rupee has stabilized and even appreciated, inflation has decreased, import restrictions are being eased, and interest rates are declining. These positive developments are a result of economic stabilisation measures and groundwork for institutional and regulatory reforms. However, critics are concerned about the economic pain faced by those least able to cope with the fallout. The Institute of Policy Studies of Sri Lanka has published a report exploring the policy choices necessary for Sri Lanka to achieve economic recovery and future growth.

Sri Lanka: State of the Economy 2023