Right incentives and policies can boost the bedrock of country’s economy
GROWTH is seen to be slowing. Earlier, Bank Negara lowered Malaysia’s economic growth forecast for 2018 to 5% from its earlier estimate of 5.5% to 6%. Between 2018 and 2020, economists are expecting gross domestic product (GDP) growth to be in the range of 4.5% to 5.5%, against the earlier forecast of 5% to 6%. Amidst tightening measures and unfavourable external factors such as a full-blown trade war, ensuring a stronger SME sector is crucial in strengthening the economy.