TRUE to form, prime minister Najib Razak did it again. An obvious penchant for over-spending, even very close to the proverbial finishing line, Najib can’t resist doing it, especially on the back of a higher revenue from the increased global crude oil price and a stronger ringgit now trading at RM3.80-RM3.90 to 1 US dollar.
But Najib must be reminded that economists are expecting a downside of a about 5-6 % bringing it to RM4.15-RM4.20 against the US dollar, if the development in the US, like economic growth and interest rate increases would trigger capital outflow. Do not be too bullish.
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