Najib says the Malaysian economy is out of the woods and we are poised to do better this year. From what you see around you, do you agree?
A bunch of bananas in Penang is now RM1 more expensive, char koay teow and roti canai servings have shrunk, and many workers have lost out on increments over the last couple of years. Stress levels have soared as workers have to work longer hours to cover for those retrenched and not replaced. And now we have the spectre of GST looming over us.
The GDP figures did not do as badly as anticipated last year because of the pump priming and fiscal stimulus packages.
Over 113,000 projects worth RM17 billion under two stimulus packages are being pushed through. So far, the government has paid out RM14 billion of public funds for these projects.
But can such pump priming be sustained?
What about confidence in the political leadership?
What do you think?