Lim Suet Ling
KUALA LUMPUR, Jan 22 (Bernama) -- Malaysia's Gross Domestic Product (GDP) is expected to expand this year, fuelled by private consumption and foreign direct investments (FDIs), while also likely to benefit from continued large-scale infrastructure spending.
In a note today, UOB Asset Management (M) Bhd (UOAMB) Chief Executive Officer, Lim Suet Ling said this would likely lift market confidence and attract more investment flows into the country.
She said the global economy is expected to maintain growth momentum in 2018, supported by improving macroeconomic conditions across advanced and emerging markets.
"Global economies have remained resilient despite global central banks' moves to increase interest rates, largely due to steady flows of foreign investment into the United States, Japan and the European Union, and higher private consumption."
"Given this resilience, we expect economic growth across the developed economies to become more entrenched and to continue on their growth trajectories," she added.
Lim noted that as economies across the world continued to recover from the lows of 2016 and resume their growth momentum, investors can expect equities to perform well, as equity markets tend to outperform other asset classes under most economic conditions, except during a period of recession.....