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KUALA LUMPUR: Standard Chartered has maintained Malaysia’s gross domestic product growth for 2024 at 4.8%, in line with Bank Negara Malaysia’s projection of 4% to 5%.
The diesel subsidy rationalisation will help the government’s fiscal position and we think it is an upside for the country, he told reporters at its Global Market Outlook Second Half 2024: Adapting to Shifting Winds media conference. In addition, he stated that investors are advised to take note of the shifting winds in Malaysia, as the investment outlook in the country has improved with the FTSE Bursa Malaysia KLCI notching a 12.7% rise year-to-date.
Last year, StanChart launched its Signature CIO Funds consisting of four globally diversified multi-asset funds designed to provide retail investors with access to the bank’s CIO views. She said the bank sees this as a good time to adapt to the shifting winds by staying overweight on equities over bonds and cash.
Standard Chartered Outlook GDP Bank Negara Ringgit
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