The improved outlook for 2024 was supported by expectations for a recovery in foreign demand.
PETALING JAYA: Micro, small and medium enterprises (MSMEs) are anticipating improved business and economic prospects in the second half of 2024 (2H24) compared with 1H24 amid concerns about reduced consumer purchasing power, persistent cost pressures and the weak ringgit.
These were among the findings of the biannual Malaysia’s Business and Economic Conditions Survey conducted by the Associated Chinese Chambers of Commerce and Industry of Malaysia (ACCCIM) recently, which was based on feedback from a sample of 684 respondents, 91.5% of whom were MSMEs.
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