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Evaluating Sri Lankan economic performance & impact of supply side policies

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Added on  2023-01-17

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This report evaluates the economic performance of Sri Lanka and the impact of supply side policies on the economy. It discusses the causes of the economic recession in Sri Lanka, the underperformance of expected vs real GDP, and the effectiveness and suitability of government policies. The report also provides recommendations to overcome the limitations of supply side policies.

Evaluating Sri Lankan economic performance & impact of supply side policies

   Added on 2023-01-17

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INTERNAL
Date of Submission – 21| 05| 2021
Business Economics AAF045-6 2019936
1
Business Economics (AAF045-6)
By
Rajawardena Patabendige Thejani 2019936
Individual
Report
Assessment- 2
Word count- 3072
(Excluding table of contents & References)
Evaluating Sri Lankan economic performance & impact of supply side policies_1
INTERNAL
Business Economics AAF045-6 2019936
2
Evaluating Sri Lankan economic
performance & impact of supply
side policies
Evaluating Sri Lankan economic performance & impact of supply side policies_2
Business AAF04 20199
INTERN
3
Table of Contents
1.0 Introduction..........................................................................................................................5
1.1 Problem Statement – Economic Recession......................................................................5
1.2 Problem vs Objective of Sri Lankan Economy..................................................................6
2.0 Literature Review............................................................................................................7
2.1 causes identified to the Economic Recession in Sri Lanka...............................................7
2.2 Major Downside Risking Financials.............................................................................7
2.1.1 Inflation & Exchange Rates.......................................................................................7
2.1.2 Savings & Investments.........................................................................................8
2.1.3 Supply side shocks................................................................................................8
2.3 Under performance of Expected vs Real GDP..................................................................8
2.4 Unemployment Rate...................................................................................................9
3.0 Discussion on effectiveness & Suitability of policies..........................................................10
3.1 Government interference to overcome Macroeconomic Circumstances.........................10
3.1 Current Government policies & activities taken to overcome the economic
disturbances.........................................................................................................................10
4.0 Practicing Supply Side Policies as an essential ingredient to expedite economic growth of
Sri Lanka...................................................................................................................................11
4.1 Trade reformation..........................................................................................................11
4.2 Reducing taxes...............................................................................................................12
4.4 Privatization & PPP.........................................................................................................12
4.3 Infrastructural & Transport Developments as an interventionist.................................13
4.4 Improved health care as an interventionist...................................................................13
4.5 Increasing education & training.....................................................................................14
4.6 Limitations of Supply Side Policies.................................................................................14
5.0 Conclusion..........................................................................................................................14
Evaluating Sri Lankan economic performance & impact of supply side policies_3
Business AAF04 20199
INTERN
4
Bibliography.............................................................................................................................16
List of Figures & tables
Figure 1 Economic Growth.........................................................................................................7
Figure 2 Savings & Investment Rate 2016- 2020.......................................................................8
Figure 3 GDP Growth Quarterly.................................................................................................8
Figure 4 Expenditure Current market prices..............................................................................9
Figure 5 Production (Constant 2010 prices)..............................................................................9
Table 1Inflation & Exchange Rates.............................................................................................7
Table 2 Investment Variations...................................................................................................8
Evaluating Sri Lankan economic performance & impact of supply side policies_4

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