RAM Rating Services Berhad reveals Malaysia‘s economic future, promising significant growth next year.
RAM Rating Services Berhad said in its Economic Outlook 2024 report to get ready for an economic renaissance. The tantalising revelations point towards a potential external demand turnaround, setting the stage for a dazzling economic performance.
The domestic front is gearing up for a resilience revolution, riding on the back of robust domestic demand, benevolent inflation, and interest rates that are the wind beneath the economy’s wings.
On the fiscal stage, RAM Ratings unveils a prediction of a 4.2% GDP fiscal deficit in 2024, showcasing the government’s fiscal magic. The agency credits a narrower deficit, down from the estimated 5% this year, to a lower subsidy bill, efficient operating expenditure management, and a tax revenue benefit from…
