RealNews

War risks dim Sri Lanka economic prospects

The risk of Sri Lanka returning to full-scale hostilities despite a four-year-long ceasefire with Tamil rebels is stunting economic growth and investment, the Asian Development Bank said. In its Asian Development Outlook released Thursday, the Manila-based ADB forecast Sri Lanka’s economy will grow 5.3 percent this year and 5.2 percent in 2007, which it says is “a respectable performance.” Full Story

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