“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.
Has the Federal Reserve painted itself into a corner by always having to prop up failing markets, especially through a flood of stimulus money called quantitative easing (QE)?
After ten years of inundating the markets via US$4.5 trillion of bond purchases, the Fed is again called to prop up weakening growth through provision of such liquidity and rate cuts.
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!
