Saturday, June 29, 2013

HSBC Estimates Lower Growth Rate



HSBC has estimated Sri Lanka's economy to grow by 6.7% this year or close to 7%, 80 to 50 basis points less than the Central Bank of Sri Lanka's (CBSL's) estimate of 7.5%. It also projects the economy to grow by 7.4% next year, in tandem with China, which HSBC's Chief Economistfor India and ASEAN, Leif Eskesen said. In contrast, India is expected to grow by a mere 5 % this ...

View the original article: http://www.bignewsnetwork.com/index.php/sid/215522163/scat/119937e494dd663e



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