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SL faces pressures from Al, trade protections: World Bank economist
November 24, 2025
|Daily FT
Says protected sectors have had negative impact on jobs, sectors in lowtariff regimes have generated most new jobs
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SOUTH Asia's strong growth outlook masks a deep labour-market imbalance that is now intersecting with rapid technological change, creating new vulnerabilities for Sri Lanka, World Bank Economist Dr. Jonah Rexer said delivering the Centre for Poverty Analysis (CEPA) guest lecture on the South Asia Development Update.
He said the region remains the fastest-growing emerging market bloc, with growth projected at around 6% in 2026. But the underlying jobs problem - a working age population expanding faster than employment opportunities - continues to shape economic and social outcomes.
"Growth has not been enough," he said, noting that South Asia has one of the widest gaps globally between labour force growth and job creation. For Sri Lanka, this has translated into persistent pressure on young workers and a weakening link between rising incomes and life satisfaction.
Sri Lanka, he said, reflects this broader trend. The post-crisis rebound has begun to stabilise, but the structural employment challenge remains intact.
Against this backdrop, Dr. Rexer said Artificial Intelligence (AI) is adding a new layer of disruption.
هذه القصة من طبعة November 24, 2025 من Daily FT.
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المزيد من القصص من Daily FT
Daily FT
Mideast crisis slows tourism's March momentum, YTD figure nears 650,000 mark
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2 mins
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Globally celebrated stand-up comedian Russell Peters live in Colombo on 31 March
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2 mins
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SLTPB targets Indian MICE, weddings market
SRI Lanka Tourism has launched an aggressive push into India's high-value travel segments, rolling out immediate roadshows in Chennai, Kolkata and Ahmedabad, as it seeks to capitalise on shifting regional travel dynamics and geopolitical uncertainties in the Middle East.
1 mins
March 19, 2026
Daily FT
EDB fast-tracks fuel allocation to safeguard export sector
EXPORT Development Board (EDB) Chairman Mangala
1 min
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No severe sovereign rating downside risk for SL: Fitch
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3 mins
March 19, 2026
Daily FT
Odd-even fuel rationing kicks in as panic buying persists
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2 mins
March 19, 2026
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Wars, rumours of wars, and a game of oil and fire
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6 mins
March 19, 2026
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"Sustainability Reporting for Corporates" seminar on 26 March
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1 min
March 19, 2026
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Iran women's football team returns home after asylum controversy
MEMBERS of Iran’s women’s national football team and their support staff have returned to Tran, the Fars news agency is reporting.
1 min
March 19, 2026
Daily FT
Naval hostilities off Sri Lanka and the need to preserve Indian Ocean as a zone of peace
Naval hostilities off Sri Lanka’s maritime approaches raise serious questions under international maritime law and neutrality doctrine.
4 mins
March 19, 2026
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