A more robust economy expected in 2017, says RHB Research
KUALA LUMPUR (May 22): RHB Research Institute Sdn Bhd said Malaysia’s real gross domestic product (GDP) growth recorded a stronger growth of 5.6% year-on-year (y-o-y) in 1Q17, up from 4.5% in 4Q16, on the back of stronger external activities and domestic demand.
In a an economic update today, the research house said that going forward, it expects the strong growth of the external sector to continue spilling over to the domestic side in the quarters ahead.
“Nonetheless, we expect the real GDP growth to moderate in 2Q and 2H 2017, as the strong export growth tapers off.
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