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Malaysia 2018 GDP growth forecast at 5% to 5.5%

Mimi Sabreena 3:41:00 PM Informasi

KUALA LUMPUR (Oct 27): The Malaysian economy in 2018 is forecasted to grow between 5% and 5.5% from a year earlier, driven by resilient domestic demand amid a favourable external sector, according to the Finance Ministry's real gross domestic product (GDP) estimates for the country.

The ministry said in its Economic Report 2017/2018 that domestic demand is expected to grow 5.5%, driven mainly by private sector expenditure.

"Private sector expenditure is projected to remain vibrant, expanding by 7.3%," the ministry said.

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