Private sector should invest more to boost economy, says economist

Sheridan Mahavera

Lee Heng Guie says the private sector cannot totally rely on the government to drive the economy. – The Malaysian Insight pic by Afif Abd Halim, April 23, 2019.

THE recent revival of the East Coast Rail Link (ECRL) and Bandar Malaysia projects will add a much-needed boost to the economy this year, but the private sector needs to start spending more in order to fuel the country’s growth engines, said an economist.

Lee Heng Guie, executive director of the Socio-Economic Research Centre (SERC), said the revivals of the two previously stalled mega projects would help cushion the impacts of slowing global economic growth and the US-China trade war.

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