Sri Lanka slid down 3 positions in the World Economic Forum (WEF) competitiveness index to 71st out of 138 countries.
Whilst South Asia continued an upward trend in the Global Competitiveness Index (GCI) Sri Lanka, received a rating of 4.19 out of 7, which saw it drop 3 places.
Summarising Sri Lanka’s position the report said,
“After years of conflict, the country needs to concentrate on triggering the efficiencies that will drive further growth – for example, by restructuring the labour market and investing in technological readiness, where it lags significantly behind economies at a similar stage of development.”
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