Blog: With GDP plummeting, are we facing recession? Putrajaya can weather storm, pundits suggest

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3 comment(s). Last comment by CHONG Kong Hui 2020-04-04 13:02

Datuk Seri Rick Walker

2,622 posts

Posted by Datuk Seri Rick Walker > 2020-04-04 12:23 | Report Abuse

If current government does not start HSR, then of course Malaysia will be in recession! You need a high impact mega projects to float the economy during bad period! By the time economy improve, Malaysia would have the necessary infra to attract more investors! Let's be honest, Malaysia infra remain pathetic!

CHONG Kong Hui

1,117 posts

Posted by CHONG Kong Hui > 2020-04-04 13:01 | Report Abuse

Mistake: Yesterday, Bank Negara Malaysia projected that the country’s GDP is set to fall as between -5 and 2 per cent, as Malaysia faces the Covid-19 pandemic that has forced the economy almost to a halt.

Should be between 0.5% and negative 2% ( -2.0% to 0.5%)

CHONG Kong Hui

1,117 posts

Posted by CHONG Kong Hui > 2020-04-04 13:02 | Report Abuse

@Datuk Seri Rick Walker, I beg to differ.

HSR will be seriously underutilised and it is just an white elephant than spend billion to benefits a few, but MY to bear heavier debt burden on top of the existing over RM1t debt.

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