Fitch Solutions said the revision to the 2019 figure reflected its concerns about exports and investment growth for next year.
“We expect Malaysia’s 2019 external outlook to be negatively affected by the combination of a slowing semiconductors cycle and a likely escalation of the US-China trade dispute amid still-low palm oil prices, which should weigh on the country’s trade balance.
“Moreover, investment, particularly foreign investment, is likely to remain subdued due to continued policy uncertainty,” it said.
Fitch Solutions has also revised its 2019 rate forecast from 3.50% to 3.25% and no longer expect Bank Negara to hike its benchmark Overnight Policy Rate (OPR) by 25bps, in light of the weakening growth picture. Even after this revision, significant downside risks to our OPR forecast remain.
https://www.thestar.com.my/business/business-news/2018/11/19/fitch-solutions-lowers-gdp-growth-forecast-to-4-6pc-in-2018-from-5-1pc/
Created by savemalaysia | Jul 24, 2024
Created by savemalaysia | Jul 24, 2024
Created by savemalaysia | Jul 24, 2024
Created by savemalaysia | Jul 24, 2024
Created by savemalaysia | Jul 24, 2024
Created by savemalaysia | Jul 24, 2024
Created by savemalaysia | Jul 24, 2024
Created by savemalaysia | Jul 24, 2024
lizi
hmmm....
2018-11-19 20:21