Economics

Rising Optimism in Sri Lanka’s Economy: Survey Findings

According to a survey by Verité Research, a Colombo-based think tank, more Sri Lankans are optimistic about the economy, and government approval has significantly increased.

The government’s approval rating has surged to 24% in July, a notable rise from 7% in February 2024. Additionally, 28% of respondents rated current economic conditions as “good” or “excellent,” a significant improvement from 9% in February 2024.

Furthermore, 30% of those surveyed believe that the country’s economic conditions are improving, up from 9% in February 2024. This level of positivity is comparable to or slightly higher than that recorded in June 2023, the highest since January 2022.

Survey Insights:

  1. Government Approval Rating: 24%
  • 24% of respondents approve of the current government’s performance, with an error margin of ± 2.73%. This is higher than the 21% approval rating in June 2023.
  1. Economic Conditions Rating: “Good” or “Excellent”: 28%
  • 28% rated the current economic conditions as “good” or “excellent,” with an error margin of ± 2.87%. This is similar to the 27% rating in June 2023.
  1. Economic Outlook: “Getting Better”: 30%
  • 30% of respondents believe the economy is improving, with an error margin of ± 2.91%. This is consistent with the 29% recorded in June 2023.

Survey Methodology:

The poll was conducted with a nationally representative, multi-stage randomized sample of 1,038 Sri Lankan adults from separate households between June 28 and July 6. The survey has a maximum sampling error margin of ±3.04% at a 95% confidence level. The polling partner was Vanguard Survey (Pvt) Ltd.

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