Sri Lanka ranks among the top ten fastest economies

Sri Lanka ranks among the top ten fastest economies
Economist Intelligence Unit (EIU) of United States has ranked Sri Lanka among the top ten fastest economies in the World.
According to the EIU, Sri Lanka possesses the eighth fastest economic growth, securing 6.3% GDP growth rate, which is only second to China in the Asian region.
The improvement in 2010 is that the world will emerge from recession and post crisis economic landscape will become clearer. This will pave the way to achieve a higher growth of about seven to nine percent in the medium term, said the Ministry of Finance and Planning, quoting the EIU.
According to the economic analysts there are positive signs towards economic prosperity, it is estimated that the oil prices will average at about US $ 74-80 per barrel for the period of 2010-2012. Sri Lanka stock market is ranked second-best in the world. With these positive signs coupled with political stability and higher capital and financial inflows will leap forward the sphere of economic prosperity.
However, there are challenges of maintaining price stability and rehabilitation of the lagged North and Eastern provinces simultaneously with the economic development.