Lower growth poser: On the economic front, it looks like even the projected 4.9 GDP growth for next year is stretched as we are seeing most economists forecasting a lower rate, with the World Bank lowering its estimate to 4.7 for Malaysia. — Bernama
THIS is my last column for the year as we wind down the clock and take a break before the new year, and it is indeed an opportune time to look back at 2018 and perhaps pen down some wishes for 2019.
The year 2018 has indeed been a washed-out year for markets, as most, if not all, asset classes have given negative returns to investors with the exception of cash. Cash was indeed king in 2018 – a catch phrase that so shocked Malaysians that it became a strong swing factor in allowing the Pakatan Harapan coalition to sweep into power on May 9, and with it, usher in a new government for the country for the first time in 61 years.
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