Take heed of Fitch’s warning, Malaysia | The Malaysian Insight

THE reputed international Fitch Ratings agency has given us a warning on the outlook for the Malaysian economy, which we should not ignore or neglect.

a) The national debt has now been confirmed by Fitch to be high. By whatever standard of measurement used – by us, the International Monetary Fund or the World Bank – there is now consensus that our debt is indeed high, although still not critical. Fitch expects our economy to slow down to 4.4% growth this year and 4.5% in 2020. With the US-China trade war looming large and the general world economic uncertainty, investors can get even more jittery and hold back their investment plans. Thus, the low economic growth rates for this year and ahead should not be ruled out.

We cannot do too much too soon, as good governance takes much longer to restore and build up after several decades of neglect in the past. But our people and investors are somewhat impatient for more rapid changes in better governance.Thus, we have to take note of the more rapid progress made by our neighbours in Asean, like Vietnam, Thailand, Indonesia and, of course, Singapore, to measure our real success in good governance.

Fitch warns that the Pakatan Harapan coalition government only holds a small majority in Parliament and has seen its previously high public approval rates fall significantly.

Malaysia Latest News, Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Malaysia tak pernah iktiraf sekolah pergigian Taiwan | The Malaysian InsightDr Noor Hisham, yang juga presiden Majlis Pergigian Malaysia (MPM), merujuk kepada laporan berita semalam yang menyebut MDC telah menarik balik pengiktirafan tujuh buah sekolah pergigian Taiwan daripada jadual kedua akta tersebut.
Source: msianinsight - 🏆 8. / 63 Read more »

Dental schools in Taiwan never recognised in Malaysia, says health D-G | The Malaysian InsightThere have been reports that recognition for seven Taiwan dental schools were removed.
Source: msianinsight - 🏆 8. / 63 Read more »

Malaysia kaji untuk perguna logam nadir bumi bernilai RM732 bilion | The Malaysian InsightPelan konprehensif sedang dirangka berhubung bagaimana nadir bumi di seluruh negara ini dapat digali dan diproses, kata menteri.
Source: msianinsight - 🏆 8. / 63 Read more »

Malaysia looking to exploit RM732 billion worth of rare earth metals | The Malaysian InsightXavier Jayakumar says the industry can bring in RM100 billion over 10 years.
Source: msianinsight - 🏆 8. / 63 Read more »

Partnership, understanding all we ever asked of Malaysia Airports, says AirAsia CEO | The Malaysian InsightAirport operator should support those who use its facilities with 'fair treatment', says Tony Fernandes.
Source: msianinsight - 🏆 8. / 63 Read more »

Malaysia ranks No. 9 in Asian power study | The Malaysian InsightSydney think-tank predicts gloomier economic outlook over longer term but lauds Malaysia’s return to stature under Dr Mahathir Mohamad.
Source: msianinsight - 🏆 8. / 63 Read more »