News dalla rete ITA

26 Luglio 2021

Sri Lanka

SRI LANKA GDP GROWS 4.3-PCT IN 2021 FIRST QUARTER

Sri Lanka’s gross domestic product grew 4.3 percent in the first quarter of 2021 recovering from a contraction of 1.8 percent in 2020, the state statistics office said. Agriculture grew 6.1 percent, industry grew 5.5 percent and services 3.0 percent. The economy was hit to “some extent” due to second wave which started in October 2020, but most activities had normalized except for areas like tourism and entertainment. In agriculture, which recovered from a negative 6.5 percent to an expansion of 6.1 percent, tea was up37.9 percent, cereals 34.8 percent, fresh water fishing 27 percent, rubber 16 percent, vegetables 14.5 percent, coconut 6.4 percent and marine fishing was up 16 percent. In industry, manufacturing was up 6.8 percent, chemicals and pharma was up 20 percent, rubber and plastic 12.9 percent, textile and apparel 8.4 percent, food and tobacco 6.0 percent and machinersy 8.1 percent. Construction grew 4.3 percent. In Services, telecom grew 19.1 percent, IT 14.9 percent, finance 13.1 percent and insurance 11.4 percent.Wholesale and retail trade grew 3.7 percent and transport 1 percent. Accommodation and food services were down 31.9 percent from a year earlier. (ICE NEW DELHI)


Fonte notizia: The Economic Times