Sri Lankans Economic sentiment shores up – survey

• 5opn1
• November 15, 2024
• News
• Sri Lankans Economic sentiment
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In its latest edition, leading business magazine LMD reports that “there’s been a surge of optimism following the recent Presidential Election.”

Citing the latest results from the monthly LMD-PEPPERCUBE Business Confidence Index (BCI) survey, the magazine notes: “Optimism in corporate circles has surged following the 21 September presidential election, marking a positive swing in economic sentiment under the new executive.”

As PepperCube Consultants observes in LMD, the outcome of the election sparked significant changes in the corporate landscape as businesses anticipate reforms on the economic and governance fronts.

LMD reports that in October, 41% of survey participants expressed optimism about the economy ‘improving’ over the next 12 months, recording a substantial increase of 33 percentage points from a mere 8% in the previous month.

“Meanwhile, half of the survey population believe the economy will ‘stay the same’ (an 18% decrease from September) while 9% expect it to ‘get worse,’ representing a decline of 15 percentage points,” it adds