Standard Chartered Bank’s Global Research team recently visited Sri Lanka to hold its annual Global Research Briefing (GRB), themed ‘A year of two halves’. The event, held on March 3 at the Galle Face Hotel Colombo, was attended by approximately 150 Corporate, Commercial & Institutional Banking (CCIB) clients of Standard Chartered Bank.
During the briefing, the Global Research team addressed various questions and shared their views on the global and Sri Lankan economic outlook for the year ahead. The team discussed their forecasts for the year as the global economy continues to navigate multiple headwinds in the first half and anticipated shifts in the second half with China’s reopening.
The team also discussed the ongoing debt restructuring and critical reforms that Sri Lanka is undertaking, which will shape the economy’s future in 2023 and beyond. They explored the path for debt sustainability in Sri Lanka and how the LKR will behave during and after the restructuring process. Regarding Standard Chartered Bank’s support of the government’s efforts to face economic challenges, the team expressed hope for a positive outcome through debt restructuring and favourable economic outputs.
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