By Nizla Naizer : www.thebottomline.lk
Economists from all sectors in Sri Lanka convened at the Galle Face Hotel last week to discuss the future of the country in a post-recessionary world. The rules have changed across the globe, as global economies collapsed and the concepts of demand and supply were affected by the intervention of Governments to save their economies with trillion dollar bail out packages.
The Sri Lanka Economic Association’s (SLEA) annual sessions were full of stimulating insights to the world of the economist and attempted to bring both sides of the story with private sector participation. Most were of the opinion that it was time to strategise and convert policies into actions while Chief Guest World Bank Chief Economist for the Africa Region Dr. Shantanayan Devarajan explained, “The world maybe looking for new concepts of economics but in Sri Lanka, the Washington version of economics is very much alive.” The Bottom Line takes a look at the key issues discussed at the meeting of economic minds at the SLEA Annual sessions titled “The way forward to recovery from the fallout of the global recession.”