Nomura: Fiscal reforms to weigh on M'sian growth
But they will result in positive sovereign rating action
FURTHER fiscal consolidation and a slowdown in Chinese demand for commodities will affect Malaysia's economic growth next year, according to Nomura Equity Research.
The economy is seen expanding 4.5 per cent in 2014, and moderating to 4 per cent the year after on the back of a 6 per cent goods and services tax which is scheduled to be introduced in April 2015.
Nomura's GDP forecast is lower than the government's 5-5.5 per cent for 2014, as is its projected 4.3 per cent growth this year (versus 4.5-5 per cent.)
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Companies & Markets
DBS customers unable to log into digibank, PayLah! on Thursday
NYSE-parent ICE’s revenue misses as muted IPO markets offset record energy trading
Amazon bets big with CrowdStrike on cybersecurity products
Goldman Sachs scraps EU-era bonus cap for top bankers in UK: source
Thomson Reuters lifts 2024 forecast on first quarter revenue result
US: Wall St opens higher after Fed leaves interest rates alone