Real GDP to pick up to slightly more than 5% y-o-y in 1Q, says RHB Research
KUALA LUMPUR (May 12): RHB Research Institute Sdn Bhd has maintained its real gross domestic product (GDP) growth forecast of 4.5% for 2017, versus 4.2% in 2016 and said the Industrial Production Index (IPI) was sustained at 4.6% year-on-year (y-o-y) in March, from +4.7% in February, on the back of a rebound in mining output and resilient manufacturing growth.
In an economic update today, the research house said it envisages real GDP to pick up to slightly more than 5% y-o-y in 1Q, from 4.7% estimated previously and 4.5% in 4Q16.
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