Fiscal deficit on track to meet 3.1% of GDP target this year

World Bank's outlook reflected a gradual slowdown in the growth of consumer spending and investment

“To counter the pressure from the moderation in external demand especially for our commodity exports, focus will be given on increasing high value-add and knowledge-intensive services exports, such as Islamic financial services, oil and gas services, private healthcare, private higher education, halal industries and professional services,’’ Abdul Rahman said.