“A resumption of construction work for the East Coast Rail Link, Light Rail Transit 3 and other mega projects should pull productivity growth back up, starting from the third quarter this year,’’ said Pong Teng Siew, head of research, Inter-Pacific Securities.
AGAINST Fed rate hikes, trade fears and concerns over slowing growth, a part of the US bond yield curve has inverted, posting a red flag for possible recession.
Recession may only happen in one to two years but markets are already sending a strong message to the Fed to stop hiking rates and possibly later, lower them to push off recession.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
