The World Bank has raised its forecast for Malaysia's economic growth for 2024 to 4.9%, up 0.6 percentage points from its previous forecast of 4.3% in April 2024, due to the stronger-than-anticipated performance in the first half of the year that reflected robust growth in consumption, investment, and trade activity. However what are the essential reforms that we must take to ensure long term, sustainable growth? Chong Yew Keat, Senior Economist, Macroeconomics, Trade and Investment, World Bank tells us.

Image Credit: Shutterstock.com

<p>The World Bank has raised its forecast for Malaysia's economic growth for 2024 to 4.9%, up 0.6 percentage points from its previous forecast of 4.3% in April 2024, due to the stronger-than-anticipated performance in the first half of the year that reflected robust growth in consumption, investment, and trade activity. However what are the essential reforms that we must take to ensure long term, sustainable growth? Chong Yew Keat, Senior Economist, Macroeconomics, Trade and Investment, World Bank tells us.<br><br>Image Credit: Shutterstock.com</p>

If you only have time for one news feature before starting your day, make it Top Story. We highlight important issues or trends that could shape national policy and business decisions. From political developments to the latest economic data, we merge breaking news with expert insights so you begin the day more informed.

Advertisement