Sri Lanka’s GDP Growth Accelerates to 8.2% on Higher Investment

Sri Lanka’s economic growth accelerated in the second quarter on higher investment and as the central bank avoided the interest-rate increases that have contributed to a slowdown elsewhere in Asia.

Gross domestic product rose 8.2 percent in the three months ended June 30 from a year earlier, the statistics office said in Colombo yesterday. That compares with a 7.9 percent gain in the previous quarter. The median of four estimates in a Bloomberg News survey was for an 8.4 percent gain.