Malaysia’s resilient private consumption, a firmer labour market and global trade diversion are expected to be supportive of a slightly stronger economic growth momentum of 4% to 4.5% next year, said MARC Ratings.
PETALING JAYA: MARC Ratings Bhd is employing a cautiously optimistic outlook for the global economy in 2024, influenced by an uneven recovery and stubbornly persistent inflation in advanced economies, among other factors.
The ratings agency, a subsidiary of Malaysian Rating Corp Bhd (MARC), observed signs of divergence in economic momentum among major economies, which is illustrated by healthy US growth, China’s economic recovery amidst property sector distress and tepid expansion in the eurozone.
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