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Malaysia: Economy to grow 4.3%-4.8% this year
KUALA LUMPUR: The Malaysian economy is expected to grow at a faster pace this year at between 4.3% and 4.8%, said Bank Negara.
Last year, the economy grew by 4.2%.
The central bank governor Datuk Muhammad Ibrahim (pic) said domestic demand would continue to be the main anchor of growth for this year, as well as higher global economic activities.
“Global economic activity is projected to improve in 2017, underpinned by an expansion in domestic demand in both advanced and emerging economies,” he told reporters at a briefing here on Thursday.
Inflation is expected to edge higher this year between 3% and 4% on the prospect of higher energy prices.
“We expect inflation to be higher than 4% in some months, but it will cool off in the second half of the year,” he said.
* For a detailed report on this year’s economic growth, read:
BNM Annual Report 2016: Economic growth projected to pick up
Source: http://www.thestar.com.my/business/business-news/2017/03/23/economic-to-grow-between-4-3pc—4-8pc-in-2017/#XJxSetujtAkHj7hm.99