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Snapshot of the Economy – July 2017

At Frontier, we love trying out new ways to help our audience make sense of the economy.

Here’s a quick look at how key economic indicators are performing so far in the year, with an easy-to-understand snapshot.

For this update we have chosen the variables we consider to be most important in understanding the health of the Sri Lankan economy.

*Please note this does not indicate our outlook on each of these variables, but provides our understanding of how it has been performing based on the latest available data.

The key to understanding their performance:

    Improving

   Manageable

   Worsening

 

Gross Official Reserves: Stable at US$6.9bn levels in June following inflows from the sovereign issue

Trade deficit: Imports growing at a faster pace than exports in the Jan to May period

Foreign holdings: Consistent inflows slowly trickling in; Rs. 40 bn inflows from mid-Feb to end-June

Global situation: Positive for EMs and FMs

USD/LKR: Gradual depreciation

 

Credit to private sector: Rs.300 bn absolute growth during the first half of 2017, despite YOY slowdown

Inflation: Easing from record-highs despite sustained supply side pressures

 

If you want a look at the underlying numbers on each of these variables, please click here

Source: Frontier Blog

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