britishtamil.com

Refering to the conclusion of a research study by economists at the University of Sussex that "losing GSP Plus would lead to a 4% cut in Sri Lanka?s garment exports," and "[o]verall, it would cost 2% of GDP," the Economist in an article published in the 15th August edition, predicted dire economic future, and pointed out, "[a]nnual inflation is close to 30%. The rupee has appreciated against the dollar, further hurting exporters. By one estimate, economic growth?which was 7.6% in 2006?will be 4.3% this year. As elsewhere, inflation is being driven by high food and energy prices."