“Businesses playing a role in regaining and sustaining Sri Lanka’s economic resurgence is of great relevance, especially as the country is experiencing a feeling of uncertainty and challenges,”, Chairman of MAS Holdings, Mahesh Amalean said.
Speaking about Sri Lanka’s current economic context at a panel discussion organized by the Ceylon Chamber of Commerce recently, he highlighted that the constitutional crisis which the country experienced last October and the Easter attacks, have together created confusion and lack of confidence about the country’s collective leadership.
“The detrimental impacts of the recent incidents are so visible, that the numbers speak for themselves. For instance, if we consider our GDP growth rate, at the beginning of the year it was projected to be around 4% for 2019.
However, with these unfortunate incidents, the growth rate for Sri Lanka has been downgraded to be between the range of 2.5% to 3%, the lowest for the past 18 years,” he said.
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