RAM Rating Services Bhd has forecast gross domestic product (GDP) growth of 4.5 per cent for Malaysia this year, thus representing a "delicate recovery".
In its November publication, "Economic Outlook 2017", it said the growth momentum is projected to pick up after the sluggishness of the last couple of years, mainly led by stabilising domestic demand.
Private consumption is anticipated to remain resilient at 6.0 per cent, while private investment growth is seen to strengthen to 5.5 per cent, on the back of ongoing infrastructure developments.
"That said, external demand will pose the biggest uncertainty in terms of economic performance," it said.
As for 2016, RAM Ratings has estimated the country's economy to clock in at 4.2 per cent, with resilience underpinned by domestic demand.
"External demand remained sluggish last year, despite a more competitive exchange rate for domestic exporters.
"Private consumption growth, meanwhile, is anticipated to strengthen to 5.8 per cent following the Goods and Services Tax (GST) shock of the previous year," it said.
Meanwhile, RAM Ratings said although data on forward-looking export orders and the tech cycle's momentum had provided some recent upside to exports of electronic and electrical goods, there were also some downside risks.
Citing an example, RAM Ratings said uncertainties vis-a- vis the United State's stance on trade and investment, as well as the BREXIT dynamics would still be pivotal to Malaysia's cautiously optimistic headline growth forecast of 4.5 per cent.
"Unless these factors significantly derail global cyclical demand, we expect exports to record a moderate 1.7 per cent growth this year, following the weak showing in 2016," it added. -- Bernama
Bernama
Wed Feb 15 2017
RAM Ratings say although data on forward-looking export orders and the tech cycle's momentum had provided some recent upside to exports of electronic and electrical goods, there were also some downside risks.
Agenda pemantapan tatakelola, integriti jadi asas utama SPRM
SPRM akan memastikan agenda pemantapan tatakelola serta penginstitusian integriti menjadi asas utama selain siasatan kes jenayah rasuah yang menjadi tugas agensi itu.
Bursa Malaysia ditutup tinggi susulan sentimen positif pasaran serantau
Pada 5 petang, FTSE Bursa Malaysia KLCI (FBM KLCI) meningkat 5.91 mata kepada 1,575.16 daripada paras penutup 1,569.25 pada Khamis.
Pasukan sorak Malaysia raih tempat ketiga di Florida
Pasukan sorak Team Malaysia Youth All Girls meraih tempat ketiga divisyen Youth All-Girl Median di International Cheer Union World Junior Cheerleading Championship.
Freedom Flotilla to Gaza: Sekumpulan pakar PBB gesa laluan selamat bagi misi penghantaran bantuan
Sekumpulan pakar dari Pertubuhan Bangsa-Bangsa Bersatu (PBB) menggesa agar laluan selamat bagi misi Break The Siege Freedom Flotilla to Gaza pada Jumaat.
Sabah FC berdepan tunggakan sebulan gaji pemain - Pengarah
Sabah FC kini hanya berdepan tunggakan gaji pemain untuk satu bulan setelah usaha dilakukan secara tuntas untuk menyelesaikan masalah pembayaran tunggakan sejak tahun lepas.
Tumpuan Jumaat - 26 April 2024
Ikuti rangkuman berita utama yang menjadi tumpuan di Astro AWANI.
MYAirline akan terus kekalkan barisan pemegang jawatan, dapatkan pelbagai pelabur
MYAirline Sdn Bhd akan terus mengekalkan barisan pemegang jawatan yang dilantik dan pengurusan utama selain memastikan dokumentasi Sijil Perakuan Pengendali Udaranya (AOC) kekal dalam keadaan terkini.
China sokong Malaysia untuk dapatkan pembangunan yang sesuai dan mainkan peranan dalam arena antarabangsa
China akan memberikan sokongan kepada Perdana Menteri Datuk Seri Anwar Ibrahim untuk mempromosikan prinsip Malaysia MADANI dalam tadbir urus.
Perasuah semakin licik, perlu sokongan semua pihak terutama media - Azam Baki
Rasuah merupakan jenayah yang unik sifatnya pada masa kini dan Suruhanjaya Pencegahan Rasuah Malaysia (SPRM) memerlukan sokongan daripada semua pihak khususnya media untuk membanterasnya.
KJ tak terfikir untuk kembali ke FAM
Khairy berkata terdapat calon-calon lain yang lebih layak untuk menerajui badan induk itu berbanding beliau.