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To combat the economic fallout from the coronavirus outbreak, Malaysia has unveiled a landmark comprehensive rescue plan worth a total of RM250bil, that’s almost one-fifth of the country’s gross domestic product (GDP). It is the largest-ever stimulus package for the country.
MAJOR international institutions and almost all market consensuses are forecasting the global economy, which was firing on all cylinders in 2018, is now looking to grow less strongly in 2019, moving from a synchronised growth to less synchronised global growth.
DOMESTIC interest rates are likely to go up by an estimated 25 basis points (bps) in the second half of next year, CIMB Research said.