Malaysia’s economy is expected to improve, with gross domestic product (GDP) growing by 4.5-5.5% in 2024 from an estimated 4% this year, according to RAM Rating Services Bhd (RAM Ratings).
The economy is expected to benefit from a potential turnaround in external demand. Resilient domestic demand, supported by benign inflation and interest rates, would also propel growth momentum, the agency predicts.
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