CB Chief to outline the economy at Shipper’s Academy Colombo forum

Monday, 22 October 2018 00:00 - - {{hitsCtrl.values.hits}}

Turmoil in global markets are affecting macro-economic fundamentals, and serious challenges are posed to small economies as well as big ones as the trade war between US and China continues. The US economy is showing strong growth, but its ripple effects, combined with other political factors such as energy markets, are no doubt hitting hard on the developing world.

Sri Lanka, too, is facing the same challenges, but has more to overcome as both external and domestic factors continue to push pressure on growth targets, exports, and investments.

Central Bank of Sri Lanka Governor Dr. Indrajit Coomaraswamy will explain the current economic outlook and macro-level country position, monetary policy, and expected fiscal policy adjustments and direction from 2019-2020, along with the current position on reserves and the US Dollar impact to the economy, at the annual state of the economy address organised by the Shippers’ Academy Colombo, to be held on 26 October at the Ceylon Chamber of Commerce.

Sri Lankan businesses need to understand both external pressures and domestic constraints and work in partnership to help the country manage the impact for long-term stable growth.

The Central Bank’s role is vital to balance the country’s economy and to ensure export competitiveness. This forum will provide a platform for a discussion with the Governor and the exchange of ideas and views on macro-level issues. Senior industry executives, leaders, CEOs, MDs, Senior Managers, decision makers will find the forum very informative, as they are macro-level decision makers. This forum will also shed light on the upcoming Budget 2019, and the challenges and the opportunities the Government will have from 2019 onwards.

Interested parties may contact Shippers’ Academy Colombo on 077-3820703 or to register on www.shippersacademy.lk