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The Cost of Inflation: Sustaining 2015 Consumption in 2023
Sri Lanka's is set to experience a 160% increase in nominal GDP from the 2015 levels of LKR 11.6 trillion as projected nominal GDP for 2023 estimated at LKR 30.3 trillion. However, while the real GDP in 2023 remains relatively unchanged from the 2015 levels, the doubling of nominal GDP highlights the need for a corresponding increase in incomes to maintain the same level of consumption as in 2015. In essence, this means that incomes must grow by 160%, in order to maintain the same level of consumption one did in 2015.
Featured Insight
The Cost of Inflation: Sustaining 2015 Consumption in 2023
Sri Lanka's is set to experience a 160% increase in nominal GDP from the 2015 levels of LKR 11.6 trillion as projected nominal GDP for 2023 estimated at LKR 30.3 trillion. However, while the real GDP in 2023 remains relatively unchanged from the 2015 levels, the doubling of nominal GDP highlights the need for a corresponding increase in incomes to maintain the same level of consumption as in 2015. In essence, this means that incomes must grow by 160%, in order to maintain the same level of consumption one did in 2015.
Featured Insight
The Cost of Inflation: Sustaining 2015 Consumption in 2023
Sri Lanka's is set to experience a 160% increase in nominal GDP from the 2015 levels of LKR 11.6 trillion as projected nominal GDP for 2023 estimated at LKR 30.3 trillion. However, while the real GDP in 2023 remains relatively unchanged from the 2015 levels, the doubling of nominal GDP highlights the need for a corresponding increase in incomes to maintain the same level of consumption as in 2015. In essence, this means that incomes must grow by 160%, in order to maintain the same level of consumption one did in 2015.
Featured Insight
The Cost of Inflation: Sustaining 2015 Consumption in 2023
Sri Lanka's is set to experience a 160% increase in nominal GDP from the 2015 levels of LKR 11.6 trillion as projected nominal GDP for 2023 estimated at LKR 30.3 trillion. However, while the real GDP in 2023 remains relatively unchanged from the 2015 levels, the doubling of nominal GDP highlights the need for a corresponding increase in incomes to maintain the same level of consumption as in 2015. In essence, this means that incomes must grow by 160%, in order to maintain the same level of consumption one did in 2015.
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International Monetary Fund
International Monetary Fund
Insights and analysis on the 2023 IMF programme.
Sri Lanka Met 38 IMF Commitments and Failed 8 by end-August
Sri Lanka verifiably met 38 of the 57 trackable commitments that were due for completion by end-August in its 17th programme with the International Monetary Fund (IMF), according to the latest progress up...
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Economy Next
IMF official: Sri Lanka’s road ahead is challengin...
Gita Gopinath, the First Deputy Managing Director of the International Monetary Fund (IMF), emphasized the importance of maintaining reform momentum for Sri Lanka's economic future during discussions held on the sidelines of the IMF/Worl...
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Source:
Economy Next
Sri Lanka to resume bondholder talks after IMF che...
Sri Lanka aims to resume talks with bondholders following the assessment of their latest proposal by the International Monetary Fund (IMF), according to State Minister for Finance Shehan Semasinghe. Initial face-to-face discussions in March led to exchanged proposals, y...
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Economy Next
IMF says “strong expectation” on Sri Lanka deal wi...
Sri Lanka is making strides towards financial stabilization as it moves towards agreements with commercial creditors, including discussions with the International Monetary Fund (IMF). The IMF Communications Director, Julie Kozack, expressed...
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Insight on International Monetary Fund
Sri Lanka met 29 IMF commitments and fai...
Sri Lanka had met 29 of the 100 trackable...
CBSL more Optimistic than the IMF
According to the Annual Report of the Cen...
Sri Lanka failed 2 IMF commitments & met...
An IMF Programme usually has four main ty...
Sri Lanka met 25% of IMF commitments and...
Sri Lanka had met 25% of the trackable pr...
How Long Did Sri Lanka Take to Secure it...
Sri Lanka's debt restructuring process has been a topic of concern for many, with delays in r...
Sri Lanka is Forecasted the Lowest Econo...
According to the world bank global econom...
Sri Lanka vs. IMF Programme Targets
Sri Lanka is currently entering its 17th IMF programme with the impending board level agreement....
Completion of Past IMF Programmes in Sri...
Since becoming a member of the IMF in 1950 Sri Lanka has entered int...
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Featured
Sri Lanka met 25% of IMF commitments and failed 1...
Sri Lanka had met 25% of the trackable programme commitments of the International Monetary Fund (IMF) programme as at the end of March 2023 but had failed on one, according to 'The IMF Tracker', a new online tool launched by Verit&ea...
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Sri Lanka met 29 IMF commitments and failed 3 by e...
Sri Lanka had met 29 of the 100 trackable commitments of the International Monetary Fund (IMF) programme and had failed on three as of the end of May 2023, according to ‘The IMF Tracker’ dashboard of Verité Research.
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Sri Lanka: Backwards in Blacklisting
Sri Lanka the only South Asian nation to not blacklist corrupt contractors: Verité Research
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