The Government has predicted a 4-4.5% growth rate for 2020, doubling from the 2.5 % for 2019, Treasury Secretary Sajith ‘SR’ Attygalle said yesterday. It is obvious that the 2019 growth has dipped due to the adverse economic conditions prevalent in the country, predominantly due to the aftermath of the Easter Sunday carnage resulting in lack of investor confidence and the adverse tax policies of the former regime. As we have provided benefits to the Government and the private sector, we are hopeful that the 2020 economic growth rate will be around 4.5%, he said.
