Experts are primarily upbeat about the prospects of Malaysia’s overall economic growth in the last quarter (4Q24), highlighted by the recent strengthening of the ringgit, with MIDF Research believing the local note could dip below RM4 against the dollar next year.
Yeah emphasised that rationalising subsidies will strengthen the government’s fiscal position, facilitating a gradual reduction in fiscal deficit and debt levels, which will further enhance investor confidence in the country’s growth prospects and resilience.
Looking ahead ideally, economist and assistant research manager at IDEAS Malaysia Doris Liew told StarBiz that it is essential for Malaysia to leverage on the momentum in manufacturing to boost complementary sectors, such as agritech and the food industry, especially to promote economic diversification and value-added activities.
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