The rapid rise in global food and commodity prices during the first half of 2008 led to a significant worsening of the Sri Lankan terms of trade. Rising international commodity prices also put significant strain on the balance of payments, with the current account deficit reaching 9.3 percent of Gross Domestic Product (GDP) in 2008, the highest in nearly 25 years. The price shocks also helped fuel consumer price inflation, which reached a peak of...
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INFORMATION
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2009/09/01
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Document de travail
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51811
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1
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1
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2010/07/01
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Disclosed
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Sri Lanka economic update
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terms of trade
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