Malaysian Rating Corporation Bhd expects Malaysia’s 2024 real gross domestic product to grow between 4% and 5%, with the manufacturing sector as the key driver.
“Over time, it is crucial that the multiple plans remain focused and achievable, to ensure expectations are met. The government’s overarching plans provide valuable direction for the economy but should also aim to reduce coordination and administrative complexities for both the public and private sectors,” MARC said.
This commitment extends to RM11.8 billion allocated to flood mitigation projects, as well as various transportation upgrades and specific allocations for tourism in preparation for Visit Malaysia 2026, MARC said.
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