The World Bank says that Sri Lanka’s economy will stabilize this year.

The World Bank’s latest bi-annual development assessment report shows that Sri Lanka’s economy is stabilizing despite still high levels of poverty, income inequality and labor market problems in Sri Lanka.

The report indicates that after the severe economic downturn faced by Sri Lanka in the year 2022, poverty will continue to be seen in the society.

However, the World Bank also predicts that Sri Lanka’s economy will show signs of stabilization and show moderate economic growth of 2.2% in 2024.

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