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Ongoing support for SMEs crucial

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.

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