RAM retains GDP forecast at 3.8%

"Exports are still the bright spot in the Malaysian economy, for which we project a strong rebound (2021: 11.1 per cent; 2022: 4.6 per cent) amid the semiconductor supercycle," it said.

KUALA LUMPUR: RAM Rating Services Bhd (RAM Ratings) has maintained its 2021 forecast for Malaysia's gross domestic product (GDP) at 3.8 per cent.

In its latest Economic Update 2021 report, the credit rating agency, however, said the ramped-up vaccination rate in the country is expected to facilitate the reopening of most economic sectors in the fourth quarter, providing a healthy lift to growth.