Despite the delay in the quarterly publishing of Sri Lanka's GDP figures for the first time by the Department of Census and Statistics (DCS), the Central Bank has forecasted the country’s gross domestic product to shrink by 1.7% in 2020.

Sentiment surrounding the economy continued to deteriorate in October with only a third of business people consulted for the latest LMD-Nielsen Business Confidence Index (BCI) survey saying that economic conditions are likely to improve in the coming 12 months, declining from 48% in September.

Having approved concessionary loans amounting to Rs.178 billion after identifying the national importance of revamping the businesses affected by the COVID-19 pandemic, the Central Bank of Sri Lanka (CBSL) has extended the grace period of the 4% Working Capital Loan Scheme from 6 months to 9 months.