RAM said indirect policy buffers such as the continuation of fuel price ceilings and a quick review of public sector projects have helped bolster resilience. — Picture by Ahmad Zamzahuri
From the domestic demand perspective, it said indirect policy buffers such as the continuation of fuel price ceilings and a quick review of public sector projects have helped bolster resilience. RAM said private investment growth has taken a hit from economic uncertainties, but pockets of support have emerged in the form of positive trade diversion effects, as shown by the rise in foreign direct investment activities and the continuation of infrastructure-related investments after a quick review period following the 14th General Election.
“Hence, our expectation for private investment activity this year stands at a moderate 2.2 per cent .