M'sia to grow between 4.5-5.5pct in 2024: Rating agency

RAM Rating Services Bhd (RAM Ratings) expects Malaysia’s economy to record positive growth of 4.5 percent to 5.5 percent in 2024 as the labour market remains robust, powering domestic demand.

Recent data indicates tentative signs of the current electrical and electronic downturn bottoming out, potentially lifting exports next year, it said in a statement following the release of its Economic Update 2023 report...