Sri Lankan economy to recover at rapid pace in H2: official

COLOMBO, June 1 (Xinhua) -- Sri Lanka's economy will recover at a rapid pace in the second half of 2023, Central Bank Governor Nandalal Weerasinghe said here on Thursday.

The inflation will drop to single digits by the end of July 2023, said Weerasinghe when addressing a press conference in Colombo.

The strict fiscal and monetary policy of the central bank was a main reason for this rapid decrease, he sai