Business/Economy

Shots in the arm from 13MP and tariffs

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Shots in the arm from 13MP and tariffs

AI Summary

Malaysia's 13th Malaysia Plan (13MP), covering 2026-2030, aims to boost the nation to high-income status with 4.5-5.5% GDP growth. Focusing on sustainable development and a value-based economy driven by innovation, the plan includes strategic reforms in economic complexity, governance, and social well-being. Inflation is projected at 2-3%, with fiscal deficit targeted below 3% of GDP by 2030. Analysts view the 13MP, coupled with lower US tariffs, as a positive economic stimulus.

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