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Will GE15 stabilise the economy?

Umno president Ahmad Zahid Hamidi has rightly highlighted the importance of a clear outcome for GE15 ahead of a widely expected global economic slowdown in 2023.

Things may get worse for the Malaysian economy until a strong and stable, widely accepted new administration arrives but will a BN win deliver that stability?

The dissolution of parliament has disrupted Budget 2023, which is now abandoned. It will have to be re-tabled under a new government and if it changes, which is likely in any election outcome, there is very little time to clear it this year.

Already Tengku Zafrul Aziz has changed Budget 2023 to highlight higher civil servant pension hand-outs. This looks populist and rather desperate and will not inspire market confidence. It will also not help the rakyat or investors to understand the direction of the economic policy.

The exchange rate was stable during the budget speech but fell after…

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