AmBank Group chief economist Anthony Dass(pic), who is projecting a 4.5% GDP growth this year for Malaysia, said the economic growth hinges largely on domestic demand and private investment. To this end, he told StarBiz it is imperative for the government to arrest the alarming decline in private-sector investments which has slid from 6.9% in the third quarter of last year (3Q18) to 0.4% in 1Q19.
THE informal economy touches every sector, from agriculture and construction to education and professional services, to a varying degree. A dominant trait is its reliance on unreported cash-only transactions.
Around the world, the informal economy has negative impacts on governments, businesses, and individuals. It limits governments’ abilities to provide services, damages business competition, fosters unfair labour practices, and leaves workers vulnerable in an unregulated environment with a limited safety net.
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