Sri Lanka cenbank revises down 2011 growth to 8.3 pct

Thu Oct 6, 2011 3:14am EDT

COLOMBO Oct 6 (Reuters) – Sri Lanka’s central bank on
Thursday lowered its full-year growth target to 8.3 percent from
its earlier estimate of 8.5 percent due to contraction in the
agriculture sector in the first half of 2011.

“This year, the economy will grow at 8.3 percent,” Central
Bank’s Deputy Governor Dharma Dheerasinghe told Reuters in the
sideline of an economic forum in Colombo.

“This is because of negative growth in agriculture sector.
Overall, in the first, the agriculture sector posted a negative
1.8 percent growth in the first half.”

(Reporting by Shihar Aneez; Editing by Ramya Venugopal)

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