{"id":300,"date":"2015-04-17T04:27:35","date_gmt":"2015-04-17T04:27:35","guid":{"rendered":"http:\/\/www.southasiantimes.com.au\/?p=300"},"modified":"2015-04-19T15:15:49","modified_gmt":"2015-04-19T15:15:49","slug":"growth-in-sri-lanka-unsustainable-due-to-structural-barriers-to-competitive-markets-says-world-bank","status":"publish","type":"post","link":"https:\/\/www.southasiantimes.com.au\/?p=300","title":{"rendered":"Growth in Sri Lanka unsustainable due to structural barriers to competitive markets says World Bank"},"content":{"rendered":"<p><a href=\"http:\/\/southasiantimes.com.au\/wp-content\/uploads\/2015\/04\/sla.jpg\"><img loading=\"lazy\" src=\"http:\/\/southasiantimes.com.au\/wp-content\/uploads\/2015\/04\/sla.jpg\" alt=\"sla\" width=\"299\" height=\"168\" class=\"alignnone size-full wp-image-302\" srcset=\"http:\/\/southasiantimes.com.au\/wp-content\/uploads\/2015\/04\/sla.jpg 299w, http:\/\/southasiantimes.com.au\/wp-content\/uploads\/2015\/04\/sla-200x113.jpg 200w\" sizes=\"(max-width: 299px) 100vw, 299px\" \/><\/a>A report by the World Bank on South East Asia, noting structural barriers to competitiveness in Sri Lanka, predicted a decline in Sri Lanka&#8217;s growth to 6.9 percent due to several factors including slowing down in the construction industry. <\/p>\n<p> The report added that part of the decline in growth would  be due to previous growth being artificially propped up by consumption due to increased public sector wages. <\/p>\n<p> With competitiveness still remaining a challenge in Sri Lanka, due to the actions of the previous government, the growth of Sri Lanka will decline as the new government looks to make changes to move towards a more open and competitive market, the South East Asia Economic Focus report also added.<\/p>\n<p> Noting that Sri Lanka&#8217;s current growth had come from non-tradable sectors, the World Bank warned that it would be difficult to sustain future growth without increasing growth in export sectors, which lacked competiveness in Sri Lanka.  <\/p>\n<p>  Source: Tamil Guardian <\/p>\n","protected":false},"excerpt":{"rendered":"<p>A report by the World Bank on South East Asia, noting structural barriers to competitiveness&#8230;<\/p>\n","protected":false},"author":1,"featured_media":302,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[13,5,9,14],"featured_image_urls":{"full":["https:\/\/southasiantimes.com.au\/wp-content\/uploads\/2015\/04\/sla.jpg",299,168,false],"thumbnail":["https:\/\/southasiantimes.com.au\/wp-content\/uploads\/2015\/04\/sla-150x150.jpg",150,150,true],"medium":["https:\/\/southasiantimes.com.au\/wp-content\/uploads\/2015\/04\/sla.jpg",299,168,false],"medium_large":["https:\/\/southasiantimes.com.au\/wp-content\/uploads\/2015\/04\/sla.jpg",299,168,false],"large":["https:\/\/southasiantimes.com.au\/wp-content\/uploads\/2015\/04\/sla.jpg",299,168,false],"1536x1536":["https:\/\/southasiantimes.com.au\/wp-content\/uploads\/2015\/04\/sla.jpg",299,168,false],"2048x2048":["https:\/\/southasiantimes.com.au\/wp-content\/uploads\/2015\/04\/sla.jpg",299,168,false],"enternews-featured":["https:\/\/southasiantimes.com.au\/wp-content\/uploads\/2015\/04\/sla.jpg",299,168,false],"enternews-medium":["https:\/\/southasiantimes.com.au\/wp-content\/uploads\/2015\/04\/sla.jpg",299,168,false],"enternews-thumbnail":["https:\/\/southasiantimes.com.au\/wp-content\/uploads\/2015\/04\/sla.jpg",299,168,false]},"author_info":{"display_name":"admin","author_link":"https:\/\/www.southasiantimes.com.au\/?author=1"},"category_info":"Uncategorized","tag_info":"","_links":{"self":[{"href":"https:\/\/www.southasiantimes.com.au\/index.php?rest_route=\/wp\/v2\/posts\/300"}],"collection":[{"href":"https:\/\/www.southasiantimes.com.au\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.southasiantimes.com.au\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.southasiantimes.com.au\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.southasiantimes.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=300"}],"version-history":[{"count":3,"href":"https:\/\/www.southasiantimes.com.au\/index.php?rest_route=\/wp\/v2\/posts\/300\/revisions"}],"predecessor-version":[{"id":304,"href":"https:\/\/www.southasiantimes.com.au\/index.php?rest_route=\/wp\/v2\/posts\/300\/revisions\/304"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.southasiantimes.com.au\/index.php?rest_route=\/wp\/v2\/media\/302"}],"wp:attachment":[{"href":"https:\/\/www.southasiantimes.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.southasiantimes.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.southasiantimes.com.au\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}