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.
10 Berita Pilihan - (16 Julai 2024
Antara pelbagai berita dalam dan luar negara yang disiarkan di Astro AWANI, berikut adalah yang paling menjadi tumpuan sepanjang hari ini.
PAC beri tempoh tiga bulan kepada HRD Corp
Jawatankuasa Kira-kira Wang Negara (PAC) memberi tempoh tiga bulan kepada Perbadanan Pembangunan Sumber Manusia (HRD Corp) untuk mengemukakan laporan tindakan susulan terhadap syor jawatankuasa itu.
Kylian Mbappe tandatangan kontrak dengan Real Madrid
Bintang bola sepak Perancis Kylian Mbappe menandatangani kontrak selama lima tahun dengan kelab Sepanyol Real Madrid pada Selasa.
Pelepasan ketujuh air sisa nuklear Fukushima ke laut selesai
Jepun telah menyelesaikan pusingan ketujuh pelepasan air sisa radioaktif yang dirawat dari loji kuasa nuklear Fukushima Daiichi ke Lautan Pasifik pada Selasa.
Empat termasuk kapten maut dalam pertempuran
Empat anggota tentera India termasuk kapten meninggal dunia akibat kecederaan selepas pertempuuran pada malam isnin di Hutan Desa.
Pakistan sahkan 4 warganya terbunuh di Oman
Pakistan berkata pada Selasa empat warganya terbunuh dalam insiden tembakan pada malam Isnin berhampiran ibu negara Oman, Muscat.
Lima terbunuh, puluhan cedera dalam protes antikuota di Bangladesh
Sekurang-kurangnya empat orang terbunuh dan puluhan lagi cedera dalam pertempuran antara pelajar yang memprotes sistem kuota dalam pekerjaan sektor awam dan polis di pelbagai bahagian Bangladesh pada Selasa.
Kerajaan cadang perkenal pembiayaan swasta
Kerajaan menyasarkan untuk memperkenalkan pembiayaan swasta alternatif bagi memastikan kemampanan kewangan program sektor air, sekali gus mengurangkan kebergantungan pada perbelanjaan kerajaan dan mengukuhkan daya tahan.
Saya tak fitnah Guan Eng, cuma jelaskan siasatan SPRM - Muhyiddin
Presiden Bersatu Tan Sri Muhyiddin Yassin memberitahu Mahkamah Tinggi Kuala Lumpur hari ini bahawa beliau tidak memfitnah Lim Guan Eng berhubung isu pengecualian cukai terhadap Yayasan Albukhary
KPT alu-alukan dapatan, cadangan PAC - Zambry
Ini termasuklah cadangan pelaksanaan Garis Panduan Pelaburan dan Pembiayaan oleh Universiti Awam 2024 kepada anak-anak syarikat di bawah seliaan Kementerian Pendidikan Tinggi (KPT).