Srilanka, July 1 -- Sri Lanka has once again been classified as an Upper-Middle Income Economy, according to the latest country income classification released by the World Bank today (July 01).



Sri Lanka's economy suffered a severe contraction following the unprecedented economic crisis in 2022. However, three years after the crisis, the country has recorded a notable recovery, with its Gross Domestic Product (GDP) growing by 5% in 2025, the World Bank said.



The recovery has been largely attributed to the revival of the manufacturing and industrial sectors, which have played a key role in driving economic growth.



"Sri Lanka is a story of recovery. Just three years after a severe economic crisis brought the country to the brin...