Will Sri Lanka be snared in a lower middle income trap before it reaches the middle income trap prop

Monday, 23 January 2012 00:00 - - {{hitsCtrl.values.hits}}

Sri Lanka has been harping on maintaining a continuous high economic growth, unabated and undiminished, over the next decade to elevate itself from its present status as a lower middle income country to that of a higher middle income country, just one notch below the cherished goal of becoming a rich nation. But a recent World Bank report on the Global Economic Prospects has warned of a potential downside risk for all developing countries to maintain high economic growth rates in the coming years due to the slowdown of the economies in Europe, North America and Japan.

Discover Kapruka, the leading online shopping platform in Sri Lanka, where you can conveniently send Gifts and Flowers to your loved ones for any event including Valentine ’s Day. Explore a wide range of popular Shopping Categories on Kapruka, including Toys, Groceries, Electronics, Birthday Cakes, Fruits, Chocolates, Flower Bouquets, Clothing, Watches, Lingerie, Gift Sets and Jewellery. Also if you’re interested in selling with Kapruka, Partner Central by Kapruka is the best solution to start with. Moreover, through Kapruka Global Shop, you can also enjoy the convenience of purchasing products from renowned platforms like Amazon and eBay and have them delivered to Sri Lanka.

Will Sri Lanka be snared in a lower middle income trap before it reaches the middle income trap prop

Recent columns

COMMENTS