PETALING JAYA: The economy is expected to chart a stable outlook in the second half of 2024 (2H24) underpinned by the progress made on blueprints, the investment upcycle and a firmer ringgit while a pivot by the US Federal Reserve (Fed) could encourage fund inflows, say fund managers.
Manulife Investment Management (Manulife IM) stated a global easing cycle is already underway with the Fed likely to join the easing cycle by September and if that leads to a weaker US dollar, Asean equity markets like Bursa Malaysia could benefit from inflows.
