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 price of oil has been on a roller-coaster ride over the past few years, falling from its 2014 peak before making a steady recovery earlier this year. Brent Crude, the major benchmark price for oil purchases worldwide, rose more than 20% in the first half of 2018, before hitting a four-year high of US$86.07 a barrel in early October.
Owing to the US sanctions on Iran, it saw the “Opec+” countries step up their oil production by around 1.2 million barrel per day (bpd) between May and October 2018.
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