Sri Lanka, Oct. 7 -- The World Bank's latest Sri Lanka Development Update, titled Better Spending for All, confirms that the country has achieved impressive macroeconomic stability following its recent crisis.

However, the report cautions that the recovery is still incomplete and uneven, and future long-term growth hinges on efficient public spending and urgent structural reforms.

The economy has stabilized faster than expected, with GDP growth projected at 4.6% in 2025. Inflation has significantly decreased, and the country recorded a current account surplus for the second consecutive year in 2024, supported by tourism and remittances. Despite these gains, macroeconomic stability remains fragile, and the country's economic output is st...