Finance Minister II Datuk Seri Amir Hamzah Azizan said trade recovery will be underpinned by the global technology upcycle and further recovery in tourism activity. — Bernama picKUALA LUMPUR, June 12 — The Malaysian economy is projected to grow between four and five per cent in 2024, supported by export recovery and resilient domestic demand, said Finance Minister II Datuk Seri Amir Hamzah Azizan.
He said trade recovery will be underpinned by the global technology upcycle and further recovery in tourism activity. “Household spending would be underpinned by improving income and employment. Investment activity will be driven by further progress of multi-year investment projects by both the public and private sectors,” he said in his keynote address at Bank Negara Malaysia’s Sasana Symposium 2024 here, today.
He also said that the implementation of catalytic initiatives under various master plans, such as the National Energy Transition Roadmap , New Industrial Master Plan 2030 and the Twelfth Malaysia Plan, would further boost investment.Hence, Amir Hamzah said the government is committed to delivering a meaningful structural reform because this is necessary to build a more prosperous and inclusive Malaysia.
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