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Malaysia: Johari sees economy growing up to 5.5% in 2018

  • Jan 04, 2018

KUALA LUMPUR: The overall outlook for 2018 seems positive with the market expecting Malaysia’s gross domestic product (GDP) growth to moderate at around five to 5.5% following a stellar economic recovery last year, said Second Finance Minister Datuk Seri Johari Abdul Ghani.

He said Malaysia’s eonomic conditions should remain conducive to support a more robust macroeconomic performance despite fiscal deficit which was set to be reduced to 2.8% in 2018 from 3% in 2017.

“The GDP growth in 2018 shall continue to be driven by private consumption and investment, growth in exports and higher government spending in infrastructure projects – East Coast Rail Link, High-Speed Rail, Mass Rapid Transit line two (MRT2) and Light Rail Transit line three (LRT3),” he said.

He was delivering his keynote address at CIMB Group Holdings Bhd‘s 10th Annual Malaysia Corporate Day here on Thursday. – Bernama

Source: https://www.thestar.com.my/business/business-news/2018/01/04/johari-sees-economy-growing-up-to-5pt5pct-in-2018/#RifsUGTr30IDFRub.99