The info-graphics below are from BNM’s Annual Report dated 20 March 2024, a snapshot of possible growth prospects in 2024.
It seems 2024 is a better year! But I wonder, if they (BNM) have simulated a worse-case scenario – unwarranted political instability, slow pick-up on exports, subdued domestic consumption due to lower disposable income, deferment by FDIs and DDIs due to less than attractive investment climate and lower government spending owing to fiscal constraints? I am not a “prophet of doom” but a good presentation will carry a worse-case scenario and an optimistic case, and you may still believe a base case that lies somewhere in between. All I am going to say is “hope for the best”!
Reference:
BNM Annual Report 2023
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