Economic Report
A balance of payments crisis is unlikely in today’s Asia. Most countries have improved their current accounts and FX reserves. The rising debt load may however pose problems, although it nowadays is mainly local currency denominated.
Economic Report
Strong economic growth has diminished poverty in the region and will swell the ranks of the middle class. But corruption levels are high, China’s influence in the region is increasing and the dispute surrounding the South China Sea may generate stability risks.
Economic Report
Demographics will provide headwinds in the developed countries of APAC and China, and tailwinds in South Asia. While total factor productivity growth has fallen, the innovation outlook for the APAC region is still relatively favourable.
Country Report
On the economic front, Sri Lanka is performing relatively well. Growth is holding up strongly and the balance of payments is improving. The increasingly authoritarian style of the Rajapaksa government is, however, less positive news.
Country Report
Although economic growth in Sri Lanka slowed down last year, elevated inflation remains a concern. While both the budget deficit and the current account deficit declined slightly in 2012, both deficits remain large.
Country Report
Sri Lanka is an island situated in the Indian Sea. The end of the 26-year long civil war in May 2009 has majorly boosted its economic prospects. Overall, the socio-political situation seems to be the largest risk for Sri Lanka.
Country Report
The end of the civil war has boosted long-term economic prospects for Sri Lanka. The economy is expected to grow over 6% in 2010. However, the humanitarian situation remains poor since the government has failed to address the grievances of the Tamil minority.
