Categorised | Vault

“No long-term impact from larger deficit”


CIMB Investment Bank regional rates and foreign exchange strategist Suresh Kumar Ramanathan says in an interview with BFM 89.9 that the 7.6% fiscal deficit arising from the RM60 billion stimulus package announced today will have no long-term significant impact.

“From a macro perspective, it looks large, but in times such as these, every country is blowing up its fiscal deficit,” he explains.

He notes that the market responded positively today to the announcement by Deputy Prime Minister and Finance Minister Datuk Seri Najib Razak in the Dewan Rakyat.


BFM 89.9 is a 24-hour radio station focusing on business news and topics.

Post to Twitter Post to Google Buzz Post to Delicious Post to Digg Post to Facebook Post to StumbleUpon

Tags: , , , , , , , ,

One Response to ““No long-term impact from larger deficit””

  1. salak says:

    “… but in times such as these, every country is blowing up its fiscal deficit …”

    Sounds like the BN government. Isn’t Najib’s brother in CIMB?

    Makes you wonder what became of us because of the US Ponzi scam scheme. No less than the Governor of Bank Negara talks this way.


Most Read (Past 3 Months)

Most Comments (Past 3 Months)

  • None found

Advertisement


<

Advertisement


  • The Nut Graph

 

Switch to our mobile site