Q Early this year the ADB forecast a GDP growth of 2.2% for this year and 3.5% next year, the inflation rate to remain at 5% in 2020 and 4.8% in 2021. In this backdrop of the Central Bank has already indicated a lower GDP growth of 1.5% in 2020. How do you see the challenge of rebuilding the national economy in the aftermath of the COVID-19 pandemic?
The annual growth rate of an economy, in the past is calculated using (i) Gross Domestic Product (GDP) estimates for any two years, (ii) expressed “at constant prices” i.e. after removing inflation effect. These GDP numbers are what an average educated person refers to as “real” GDP estimates. The comparison of real GDP of two years gives us the widely used economic growth rate.
In Sri Lanka the official agency that is responsible for producing these GDP data and price index numbers are the Department of Census and Statistics (DCS). It is these numbers that the Central Bank also uses in its analytical work and its publications. Due to slight differences in definitions and statistical practices, the growth rate number published even for a given year in different publications may not always be uniform.
هذه القصة مأخوذة من طبعة May 14, 2020 من Daily Mirror - Sri Lanka.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة May 14, 2020 من Daily Mirror - Sri Lanka.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.
بالفعل مشترك? تسجيل الدخول
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