The digital economy will play an increasingly significant role with IT/BPO services expected to drive export earnings beyond US$1.5 billion this year according to the ‘Outlook 2025’ of the Ceylon Chamber of Commerce.
Investments in digital public infrastructure including digital IDs and e-government initiatives will boost efficiency and reduce waste, further modernising the economy, a spokesman for Outlook said.
Centred on the theme ‘Consolidating stability; Fostering Sustainable Growth’ the CCC outlook for 2025 reflects Sri Lanka’s path towards long term resilience.
As the Chamber outlook is cautiously optimistic about the economic outlook for the year, its growth is projected to exceed 3-4 percent driven by resurgence in key sectors such as tourism, retail, apparel, digital services and renewable energy.
The tourism sector which has been a cornerstone of foreign exchange earnings is expected to benefit from the continued recovery in global travel. The retail sector is set to expand as household consumption rises while apparel exports, though facing stiff competition from regional players, are poised for a gradual rebound as demand stabilises in key markets such as the US and Europe.
The agri sector particularly tea and fisheries is also expected to see moderate growth as global commodity prices stabilise, the spokesman added.
