KUALA LUMPUR: Malaysia’s economic momentum is expected to steadily improve heading into next year, with gross domestic product (GDP) set to grow by 4.5 per cent to 5.5 per cent in 2024 from an estimated 4.0 per cent this year, according to RAM Rating Services Bhd (RAM Ratings).
KUALA LUMPUR: The government should institute bolder tax reforms and not just rationalise subsidies to achieve its deficit target of between 3.0 per cent and 3.5 per cent by end-2025, said RAM Ratings senior economist Woon Khai Jhek.
KUALA LUMPUR: RAM Rating Services Bhd (RAM Ratings) expects Malaysia’s economy to record a positive growth of 4.5 per cent to 5.5 per cent in 2024 as the labour market remains robust, powering domestic demand.