Sri Lanka GDP Growth Accelerates to Near 7-Year High 📈
Sri Lanka's economy grew by 5.5% year-on-year in Q3 2024, the fastest expansion since Q4 2017, driven by a surge in the industrial sector and easing inflationary pressures.
The article indicates that Sri Lanka's economy is recovering from its worst financial crisis, with a strong 5.5% year-on-year growth in Q3 2024, the fastest expansion since 2017. This suggests an improving economic outlook for the country, which could have a moderately positive impact on the portfolio's exposure to the MSCI World and emerging markets indices.
Sri Lanka Tourist Arrivals Surge 21.6% in November 📈
Foreign tourist arrivals in Sri Lanka surged by 21.6% year-on-year in November 2024, exceeding expectations and showcasing robust demand and positive growth in the sector.
The article indicates a significant increase in foreign tourist arrivals in Sri Lanka, which is a positive development for the investment portfolio. The strong growth in the tourism sector, particularly from key markets like India, Russia, and the UK, suggests increased economic activity and consumer demand. This could have a moderate positive impact on the portfolio, as it includes exposure to various global equity markets and sectors that could benefit from the tourism boom in Sri Lanka.