SERC: More structural reforms needed

Lee: The government has a projected fiscal reduction target and is slowly bringing it down.

KUALA LUMPUR: A synchronised global slowdown is imminent – indicating that the economic growth in Malaysia will be equally challenging.

The Socio-Economic Research Centre (SERC) said with the global economy looking to moderate further coupled with weaker exports, the Malaysian economy is expected to grow at a slower pace of 4.7%.