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In this our 132ndyear, - hayleys.com

132ndyear, In this ourwe celebrate the unified diversity of that serves to make us that one companywhose whole is greater than the sum of its parts 34 Hayleys PLC - Annual Report 2009/10 Sustainability ReportKEY IMPACTS, RISKS AND OPPORTUNITIESFROM AN ECONOMIC PERSPECTIVEThe global economy continued to suffer the fallout of the chaos of 2008/09 and contracted by in 2009. Trends of diminished demand continued to affect trade and commerce worldwide. World oil prices stabilised at US$ per barrel after a wild swing from the highs of July 2008 (US$ ), to the lows of December 2008 (US$ ). This fall in oil prices served to mitigate the high energy costs the country faced in the previous financial yearSri Lanka s economy grew by - a reduction of the 6% growth achieved in 2008 year s high inflation came down to single digit territory from a high of in July 2008, for annual average inflation in 2009 to be at year effects of global recession were to be seen across all key parameters of the local Industrial sector grew by as agai

34 Hayleys PLC - Annual Report 2009/10 Sustainability Report KEY IMPACTS, RISKS AND OPPORTUNITIES FROM AN ECONOMIC PERSPECTIVE The global economy continued to …

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