Growth momentum to sustain in 2024


Unitar International Malaysia economics professor Anthony Dass

PETALING JAYA: Although there are growing signs that the world economy may slow down or even potentially fall into a recession from higher interest rates due to rising inflationary pressures next year, there are measures that the country can mobilise to cushion the impact on its economy.

Economic experts said the government has various policy tools and measures to ensure the domestic economy continues to register growth, albeit at a slower pace of about 3% to 4% in 2024 from the projected growth of between 4% and 5% this year.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

S&P affirms Malaysia’s sovereign ratings, maintains stable outlook
Trading ideas: Gamuda, HSS Engineers, Aumas, Poh Kong, Willowglen MSC, Sunsuria, Paragon Globe, AWC, KKB Engineering, Ayer, HSS Engineers
KKB secures contracts worth RM462mil
Asean must move up the value chain, says Gan
Companies learn real cost of going global
AWC bags RM13.1mil contracts in Gujarat
Small firms look bigger with AI resources
Gamuda sails past RM12bil in new job wins
US, China ease tariffs on US$60bil in trade
Australia, NZ dollars pinned near multi-month lows

Others Also Read