PETALING JAYA: Concerns over the country’s high indebtedness could take a backseat for the time being, as the focus shifts to moving the economy back on the growth path following the Covid-19 pandemic.
For this reason, there are expectations that the construction sector could be a low-hanging opportunity for the government to pump-prime the economy.
“I believe there will be news flows surrounding the construction sector towards the announcement of the budget and the 12th Malaysia Plan. Construction is a sector which the government can control and which can be navigated around to achieve growth, ” Kenanga Research’s construction sector analyst Lum Joe Shen told StarBiz.“
This sector is different and is not like, say, the agriculture sector where you need buyers from overseas (for sales). Due to this pandemic, every country has to have a higher deficit and I think it is okay. I feel the most important thing is get back on a growth path, ” Lum added.
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