Manulife IM forecasts Malaysia’s economic growth to hit 5.8pc in 2024, driven by govt initiatives

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KUALA LUMPUR, July 23 — Malaysia’s economic growth will be on the high side of 5.0 per cent, driven by a number of gover...

Despite inflation being largely under control in Asia, persistent headwinds from higher US interest rates have constrained consumption and investment in Asian economies.

In late June, Economy Minister Rafizi Ramli said the initiative to rationalise fuel subsidies is expected to impact the country’s inflation rate but the implementation through well-designed strategies, coupled with targeted cash assistance, will help mitigate these effects.

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Category: EconomyBusiness

Markets: MalaysiaCanadaChinaIndonesiaJapanPhilippinesSwitzerland

Topics: Manulife Investment Management Economic growth Malaysia economy Forecast

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-23 @ 19:24:37 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: malaymail.com

Language: English

Article Length: 631 words

Reading Time: 4 minutes read

Sentences: 23 lines

Sentence Length: 28 words per sentence (average)

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Copyright Owner: © Malay Mail

News ID: 21751707

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