KUALA LUMPUR: S&P Global Ratings has revised Malaysia’s long-term sovereign credit ratings outlook to ‘stable’ from ‘negative’ as it believes the country is on a strong economic recovery path compared to others at similar income levels, said Finance Minister Tengku Datuk Seri Zafrul Abdul Aziz, in reference to the global ratings agency's latest report on Malaysia.
S&P also projected that Malaysia’s gross domestic product (GDP) will grow 6.1 per cent this year and 5.0 per cent in 2023 supported by strong exports, high commodity prices and domestic demand following the reopening of the economy.
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