First Capital predicts, despite the Easter Sunday attacks, Sri Lanka’s economic outlook has shown signs of resilience and the ability to recover at an accelerated pace

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First Capital, in its latest Equity Strategy predicts, despite the Easter Sunday attacks, Sri Lanka’s economic outlook has shown signs of resilience and the ability to recover quickly, as economic activities were seen returning to normalcy, with the removal of travel advisories being faster than anticipated.
The research firm believes, the impact of the unfortunate attacks and the subsequent events has now been factored into the market, and an accelerated recovery is more likely than not.
First Capital noted, the successful and early issuance of the 2-billion dollars-worth sovereign bond by the Central Bank of Sri Lanka is a major confidence booster, and the intense interest which was reflected by the three fold over-subscription, is encouraging.

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