September 25, 2019 / 2:54 AM / 4 months ago

IMF cuts Sri Lanka's 2019 growth target to 2.7%

COLOMBO, Sept 25 (Reuters) - The International Monetary Fund (IMF) said on Wednesday it has cut its forecast for Sri Lanka’s 2019 economic growth to 2.7% from 3.5% as a political crisis in the last year and Easter attacks weigh on the tourism industry and broader business activity.

The IMF forecast is lower than the central bank’s estimate of 3.1%, and would potentially be the slowest growth in nearly two decades. (Reporting by Shihar Aneez; Editing by Kim Coghill)

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