Malaysia's GDP forecasted at lower than 6% by fund managers
KUALA LUMPUR (May 17): Fund managers expect Malaysias gross domestic product (GDP) to grow at about 6% or lower this year on the back of the resurgence of Covid-19 cases, as compared with the central bank’s forecast of 6.5% to 7%. However, the local economy and markets are expected to benefit from global trade recovery and high commodity prices. AmFunds Management Bhd (AmInvest) chief investment officer Wong Yew Joe said the recent announcement of the movement control order (MCO) is weighing ...
Source: theedgemarkets.com