[{"data":1,"prerenderedAt":-1},["ShallowReactive",2],{"doc-detail-110723-en":3,"doc-seo-110723-105":29,"detail-sidebar-cat-0-en-105":83},{"code":4,"msg":5,"data":6},0,"success",{"doc_id":7,"user_id":8,"nickname":9,"user_avatar":10,"doc_module":4,"category_id":11,"category_name":12,"doc_title":13,"doc_description":14,"doc_content":15,"file_id":16,"file_url":17,"file_type":18,"file_size":19,"view_count":20,"is_deleted":4,"is_public":20,"is_downloadable":20,"audit_status":20,"page_count":21,"language":22,"language_code":23,"site_id":24,"html_lang":23,"table_of_contents":25,"faqs":26,"seo_title":13,"seo_description":14,"update_tm":27,"read_time":28},110723,1099514067415,"Rowan","https://ap-avatar.wpscdn.com/avatar/100002539d78ffe74a7?x-image-process=image/resize,m_fixed,w_180,h_180&k=1779092875211072502",8,"Research & Report","World Economy - Governor’s Statement 9 - October 14, 2021","Governor Basil Rajapaksa’s statement presents the global and Sri Lankan economic outlook in the context of uneven post-pandemic recovery. It highlights IMF projections for world growth moderation, persistent divergences in growth, inflation, and debt, and the need for stronger multilateral cooperation to accelerate COVID-19 vaccination and improve liquidity. For Sri Lanka, it reviews pandemic impacts through the Delta wave, vaccination progress, real growth contributions, inflation dynamics, monetary tightening actions, and ongoing fiscal support measures.","Public Disclosure Authorized Public Disclosure Authorized  \nWBG Governor's Statement No. 9  \nOctober 14, 2021  \nStatement by the Hon BASIL RAJAPAKSA, Governor of the Bank for SRI LANKA  \nStatement by the Hon. Basil Rajapaksa,  \nGovernor of the Bank for Sri Lanka  \nWorld Economy  \nThe global economy continues to recover, although at an uneven pace, due to country differences in policy support and the speed of vaccination. The IMF forecast for global growth at 5.9 percent in 2021 and 4.9 percent in 2022, reflects a slight moderation in growth for the current year, due to supply disruptions and renewed pandemic concerns. The outlook for the global economy is underscored by divergences in economic growth, inflation and debt concerns, all of which are expected to hinder the balanced recovery going forward. These divergences are expected to have a lasting impact on medium term performance.  \nThe multidimensional challenges have made policy choices more difficult, especially for countries with constrained policy space and little room to maneuver. Reducing the imbalance in the vaccination drive between advanced economies, emerging markets and low- income countries is a policy imperative at this juncture. Stronger multilateral cooperation is needed to speed up the global vaccination rollout and provide liquidity to ease financial constraints. We welcome the recently launched Multilateral Leaders Task Force-consisting of the IMF, WBG, WHO and the WTO – to tackle the task of accelerating the access to and delivery of COVID-19 tools.  \nSri Lankan Economy  \nThe Sri Lankan economy continued to be buffeted by the pandemic in 2021 with the advent of the Delta variant into the country in the third wave of the pandemic at end April. Mobility restrictions undertaken in 2021, however, were less stringent than the strict lockdown measures adopted in 2020. Consequently, businesses continued to function in the second quarter of 2021 although some disruptions occurred due to containment measures. The rapid rollout of the vaccine program during this period also created a favourable environment for the continuation of business activities. As at end September 2021, 56 percent of the Sri Lankan population was fully vaccinated and most of the mobility restrictions were lifted by the beginning of October 2021. The government and the Central Bank continued to lend support through fiscal, monetary and financial sector measures to mitigate the adverse economic fallout from the pandemic. Nevertheless, the surge in COVID cases both locally and globally, created a multitude of challenges for the Sri Lankan economy.  \nThe Sri Lankan economy grew by 12.3 per cent, year-on-year, in real terms during the second quarter of 2021 with all sectors of the economy contributing to the growth performance. The industry and the services sectors, accounting for a combined share of about 85 percent of GDP, buttressed the growth momentum. The agriculture sector also enhanced its value addition, aided by the continuation of agricultural activities during the quarter despite lock down measures. During the first half of 2021, the economy grew by 8 percent, year-on-year, in real terms. The growth momentum, together with the successful rollout of the vaccination program, are expected to sustain growth going forward. The Sri Lankan economy is projected to grow by 5 percent in real terms in 2021.  \nInflation, which remained moderate during the early part of 2021, accelerated during the latter months, driven by high food inflation as well as some acceleration in non-food prices. Headline inflation (y-o-y), as measured by the Colombo Consumer Price Index (CCPI), decelerated to 5.7 percent in September 2021 from 6 percent in the previous month due largely to the statistical impact of a high base that prevailed in September 2020. Core inflation (CCPI y-o-y), which reflects underlying price pressures in the economy, accelerated to 5 percent in September 2021 from 4.1 percent in August 2021.","cbCain0hbs8K8plQ","https://ap.wps.com/l/cbCain0hbs8K8plQ","pdf",285022,1,6,"English","en",105,"# Global Economy\n## Policy support, vaccination speed, and growth outlook\n# Sri Lankan Economy\n## Pandemic impact, mobility restrictions, and vaccination\n## Real growth performance\n## Inflation trends and central bank policy\n## Monetary and fiscal measures","[{\"question\":\"How did inflation and central bank policy evolve during 2021?\",\"answer\":\"Inflation accelerated in later 2021, driven mainly by high food inflation and some non-food price increases. The central bank maintained an accommodative stance earlier, then tightened in August 2021 by raising key interest rates and the statutory reserve requirement to address inflationary pressures and external-sector imbalances.\"}]",1784486766,15,{"code":4,"msg":30,"data":31},"ok",{"site_id":24,"language":23,"slug":32,"title":13,"keywords":33,"description":14,"schema_data":34,"social_meta":78,"head_meta":80,"extra_data":82,"updated_unix":27},"world-economy-governors-statement-9-october-14-2021","",{"@graph":35,"@context":77},[36,53,68],{"@type":37,"itemListElement":38},"BreadcrumbList",[39,43,47,50],{"item":40,"name":41,"@type":42,"position":20},"https://docshare.wps.com","Home","ListItem",{"item":44,"name":45,"@type":42,"position":46},"https://docshare.wps.com/document/","Document",2,{"item":48,"name":12,"@type":42,"position":49},"https://docshare.wps.com/document/research-report/",3,{"item":51,"name":13,"@type":42,"position":52},"https://docshare.wps.com/document/world-economy-governors-statement-9-october-14-2021/110723/",4,{"url":51,"name":13,"@type":54,"author":55,"headline":13,"publisher":57,"fileFormat":60,"inLanguage":23,"description":14,"dateModified":61,"datePublished":62,"encodingFormat":60,"isAccessibleForFree":63,"interactionStatistic":64},"DigitalDocument",{"name":9,"@type":56},"Person",{"url":40,"name":58,"@type":59},"DocShare","Organization","application/pdf","2026-07-22","2026-07-19",true,{"@type":65,"interactionType":66,"userInteractionCount":20},"InteractionCounter",{"@type":67},"ViewAction",{"@type":69,"mainEntity":70},"FAQPage",[71],{"name":72,"@type":73,"acceptedAnswer":74},"How did inflation and central bank policy evolve during 2021?","Question",{"text":75,"@type":76},"Inflation accelerated in later 2021, driven mainly by high food inflation and some non-food price increases. The central bank maintained an accommodative stance earlier, then tightened in August 2021 by raising key interest rates and the statutory reserve requirement to address inflationary pressures and external-sector imbalances.","Answer","https://schema.org",{"og:url":51,"og:type":79,"og:title":13,"og:site_name":58,"og:description":14},"article",{"robots":81,"canonical":51},"index,follow",{"doc_id":7,"site_id":24},{"code":4,"msg":5,"data":84},[85,89,93,97,102,106,111,114,119,122,126],{"id":20,"doc_module":4,"doc_module_name":45,"category_name":86,"show_sort_weight":87,"slug":88},"Story & Novel",90,"story-novel",{"id":46,"doc_module":4,"doc_module_name":45,"category_name":90,"show_sort_weight":91,"slug":92},"Literature",80,"literature",{"id":52,"doc_module":4,"doc_module_name":45,"category_name":94,"show_sort_weight":95,"slug":96},"Exam",70,"exam",{"id":98,"doc_module":4,"doc_module_name":45,"category_name":99,"show_sort_weight":100,"slug":101},5,"Comic",60,"comic",{"id":21,"doc_module":4,"doc_module_name":45,"category_name":103,"show_sort_weight":104,"slug":105},"Technology",50,"technology",{"id":107,"doc_module":4,"doc_module_name":45,"category_name":108,"show_sort_weight":109,"slug":110},7,"Healthcare",40,"healthcare",{"id":11,"doc_module":4,"doc_module_name":45,"category_name":12,"show_sort_weight":112,"slug":113},30,"research-report",{"id":115,"doc_module":4,"doc_module_name":45,"category_name":116,"show_sort_weight":117,"slug":118},9,"Religion & Spirituality",20,"religion-spirituality",{"id":117,"doc_module":4,"doc_module_name":45,"category_name":120,"show_sort_weight":117,"slug":121},"World Cup","world-cup",{"id":123,"doc_module":4,"doc_module_name":45,"category_name":124,"show_sort_weight":123,"slug":125},10,"Lifestyle","lifestyle",{"id":127,"doc_module":4,"doc_module_name":45,"category_name":128,"show_sort_weight":98,"slug":129},19,"General","general"]