Ceylon Chamber ‘Outlook 2022’ raises forex, dollar liquidity concerns

The Ceylon Chamber of Commerce (CCC) launched the seventh edition of its flagship annual Outlook Report for 2022 at the Economic Outlook 2022 webinar recently.

Titled ‘Road to Recovery: Overcoming Challenges’, the report covers key fundamentals of the global and local economic outlook, policy outlook, and private sector perspectives for this year.

The report addresses pressing themes in the current economic context, including economic growth prospects, inflationary pressures, interest rates, forex and dollar liquidity concerns, and global risks that could significantly affect Sri Lanka’s economic outlook.

Compiled by the Economic Intelligence Unit (EIU) of the Ceylon Chamber, the report includes an in-depth analysis of economic data and together with the insights of expert economists makes studied projections regarding economic conditions, risk factors, and growth and recovery prospects for this year.

Presenting the Outlook Report, Chief Economist of the Ceylon Chamber, Shiran Fernando outlined the outlook on inflation, growth, interest rates and some of the global risk factors businesses should consider in corporate planning.

The keynote speaker at the webinar, Chairman, Financial Systems Stability Consultative Committee of the Central Bank of Sri Lanka, Dr. Kenneth De Zilwa outlined the emergence of Asian dominance in the long business cycle and the need for Sri Lanka to institutionalise its profit story.

Panellists at the webinar were CEO, Standard Chartered Bank, Bingumal Thewarathanthri, Chairperson,  Unilever Sri Lanka, Hajar Alafifi, Senior Research Fellow, Advocata Institute, Dr. Roshan Perera, and Director, Hirdaramani Group, Vinod Hirdaramani.

The panel discussion was moderated by CCC CEO and Secretary General Manjula de Silva.