KUALA LUMPUR: RHB Research expects a pick-up in construction activity with the resumption of the East Coast Rail Link (ECRL) and Bandar Malaysia projects will have multiplier effects while an improvement in exports growth will see the economy picking up in the second half of 2019 (2H19).
It said the revival of these projects signals that, after almost a year in power, the Pakatan Harapan government is ready to restart part of its fiscal-spending engine to help support the economy.
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