Economists have upgraded their forecast growth for the Philippines this year, but still at a slower pace than last year amid headwinds such as a slowdown in the global economy and high inflation, according to a survey of think tank Japan Center for Economic Research.
Budget 2023, which is scheduled to be presented again on Feb 24, needs to focus on dealing with long-term issues, especially private sector investments in the country which is seen to be lagging behind, according to Maybank Investment Bank Bhd (Maybank IB).
Malaysia's economic growth is poised to moderate this year amid the lingering environment of high inflation and interest rates globally, but Maybank Investment Bank (Maybank IB) believes the country is unlikely to fall into a recession as local monetary policy remains non-restrictive, while softening of consumer spending cushioned by excess savings built up over the last two years.
KUALA LUMPUR: The just-concluded 15th General Election (GE15) has brought Malaysia to unchartered waters with a hung parliament, wherein neither coalition crossed the indispensable line of 112 simple majority to form the next government independently.