Joining this week's episode of ‘At HydePark with Indeewari Amuwatte' the World Bank's Chief Economist for South Asia, Franziska Ohnsorge discussed key indicators outlined in the recent release of the Sri Lanka Development Update, titled "Bridge to Recovery”. She highlighted several positive developments, such as easing inflation, increased revenues due to new fiscal policies and a current account surplus for the first time in nearly fifty years. These gains have been supported by rising remittances and a resurgence in tourism.



Also talking about the South Asia Development Update, Ohnsorge said that South Asia is poised to maintain its status as the world's fastest-growing region, largely propelled by India's robust economic expansion. However, this optimistic outlook masks underlying challenges. Many countries in the region still lag behind pre-pandemic growth levels, relying heavily on government spending.



She added that in order to ensure more resilient and enduring growth, nations must implement policies that foster private investment and enhance employment opportunities.


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