Frontier Research Economic Monthly - June 2016
​Executive Summary
- UK votes to leave the EU, leaves global financial markets in uncertainty
o Short-term implications of the Brexit for Sri Lanka:
- a possible slowdown in foreign investment inflows amid global market volatility and uncertainty over the timing of sovereign bond issue will likely increase the strain on our external balances
- depreciatory pressure on the LKR against the USD
o For now this doesn’t change our end 2016 forecasts for rates and LKR
- IMF program comes with challenging reforms, government commitment key for itssuccess
- Moody’s outlook downgrade an indication of the challenging task ahead
· Focus 1 – 2015 was the year of the consumer. In this focus we take a closer look at household consumption; which spending categories grew the most and which took a downturn
· Focus 2 – As global economic growth continues to disappoint, economies have resorted to desperate measures to revive growth and bring back inflation. Negative interest rates is one such unconventional measure adopted by a few countries in the world. This focus provides a quick snapshot of the background and the success of this measure so far and varied views and critiques around it
Frontier Research is a provider of economic, industry and company research based in Sri Lanka. Our macro research is used for a variety of purposes, including strategic planning, sales forecasting, risk management, and above all, for investment decision making.
Website- frontiergroup.info
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.