PETALING JAYA: Malaysia’s outlook is surprisingly bright, despite global economic growth slowdown, and its economic growth is expected to surpass some...
PETALING JAYA: Malaysia’s outlook is surprisingly bright, despite global economic growth slowdown, and its economic growth is expected to surpass some Asean, European and North American countries, both this year and 2024 , according to Irhamy Valuers International CEO and founder Irhamy Ahmad .“One way we see this growth is through a 30% increase in valuation jobs for large construction machinery and factory equipment.
Irhamy said that the three sectors that are driving the positive outlook are the transition to net zero, trade, and the digital economy. He cited Bank Negara Malaysia, which estimates that the energy sector alone will need RM1.85 trillion of investment by 2050. “The global centre of gravity for manufacturing is shifting from China to Southeast Asia, and the region now does more trade with China than does the European Union. Within Southeast Asia, Malaysia is increasingly developing as a manufacturing base.
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