The report covers areas of international trade, exports, state investments and spending and other policy issues.
A full statement on the report released by IPS is reproduced below:
IPS launches the State of the Economy 2013 today
The Institute of Policy Studies of Sri Lanka (IPS), apex think tank on socio-economic policy issues has been publishing the State of the Economy report since 1992 with a complementary theme selected each year. This year the report looks at SriLanka’s Transition to a Middle Income Economy and which areas require particular policy attention in order to facilitate this transition.
After posting impressive growth rates of over 8 per cent in the two years following the end of the conflict, growth in 2012 moderated to 6.4 per cent. Following economic overheating in the second half of 2011 – evidenced mainly by a rapidly expanding trade deficit - the government und