Published on: Friday, May 07, 2021
By: Bernama
Kuala Lumpur: AmInvestment Bank Bhd remained cautious on the outlook of the local construction sector.
In a research note Thursday, the investment bank said the recent news on the Mass Rapid Transit Line 3 (MRT3) potentially commencing work in the second half of the year aside, the fact remained that the government would have very limited room for fiscal manoeuvre given the elevated national debt.
It added that the government’s fiscal stand was further weighed down by the economic impact of the Covid-19 pandemic, including reduced tax and petroleum revenues as well as the massive relief spending to cushion the economic impact of the pandemic.
2021-04-28 11:05:49 GMT2021-04-28 19:05:49(Beijing Time) Xinhua English
KUALA LUMPUR, April 28 (Xinhua) Malaysia s gross domestic product (GDP) growth is expected to rebound to 6 percent in 2021 and stabilize at about 5.7 percent in 2022, supported by the rollout of COVID-19 vaccines and continued accommodative fiscal and monetary policies, said the Asian Development Bank (ADB) on Wednesday.
In its Asian Development Outlook 2021 (ADO) April edition, the bank said that recovering consumer and capital spendings are set to revive domestic activity, while a pickup in global demand should boost exports and foreign investment. Growth in private consumption will be underpinned by government stimulus packages and further supported by an effective vaccination program, it said.
ADB foresees Malaysia s economy to grow 6 pct in 2021, 5 7 pct in 2022 southeastasiapost.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from southeastasiapost.com Daily Mail and Mail on Sunday newspapers.
2021-04-29 00:13 By: Xinhua
KUALA LUMPUR, April 28 (Xinhua) Malaysia s gross domestic product (GDP) growth is expected to rebound to 6 percent in 2021 and stabilize at about 5.7 percent in 2022, supported by the rollout of COVID-19 vaccines and continued accommodative fiscal and monetary policies, said the Asian Development Bank (ADB) on Wednesday.
In its Asian Development Outlook 2021 (ADO) April edition, the bank said that recovering consumer and capital spendings are set to revive domestic activity, while a pickup in global demand should boost exports and foreign investment. Growth in private consumption will be underpinned by government stimulus packages and further supported by an effective vaccination program, it said.