mproving outlook: Container hauliers are seen at North Butterworth Container Terminal in Butterworth. After a better-than-expected growth performance of 5.6 in the first quarter of the year, RAM says the economic recovery momentum is beginning to show signs of sustainability. (Inset Kristina Fong)
PETALING JAYA: RAM Rating Services Bhd has revised upward Malaysia’s growth outlook for the year on signs of the economy gaining momentum, with businesses spending more and the outlook for exports firming up.
The rating agency’s economist Kristina Fong revised gross domestic product (GDP) projection to 5.2% for this year from the original projection of 4.5%.
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