Market and investment analysts need to make sure that their facts are accurate before making any statements on serious issues like the state of a country's economy, said Deputy International Trade and Industry Minister Ong Kian Ming.live interview on April 11, where UBS Global Wealth Management regional chief investment officer Kelvin Tay claimed that Malaysia had a current account deficit.
Conceding that the widely reported gloomy assessment on Malaysia's economy by Tay contained errors, Swiss banking giant UBS clarified that Tay was actually referring to the Malaysian government’s projected “fiscal deficit” of 3.4 per cent and not “current account deficit”. "He used the term ‘oil’ to loosely to refer to sectors that are closely correlated to oil price movements.
How about the PH government be truthful on facts? 1 trillion debt? Haha
both govts we had kept insisting that our economy is yielding surpluses and reflects growth annually. if that is the case why are people still getting laid off en masse and businesses keep closing down? i am beginning to see graduates busking on the streets for food as well.
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