Fund managers positive on Malaysia

PETALING JAYA: Fund managers and analysts continue to be positive on Malaysia despite the World Bank cutting its gross domestic product (GDP) growth forecast for 2018 to 4.9% from 5.4% on the back of slowing export growth and lower public investment.

They feel that the slowing GDP is to be expected, following the many cost-cutting measures that are being undertaken by the current government. These are now the painful measures that need to be taken to right the economy that has been mismanaged for decades.