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MIER raises Malaysia 2017 GDP estimate to 5.6%

Mimi Sabreena 4:01:00 PM Informasi

KUALA LUMPUR (Jan 23): Malaysian Institute of Economic Research (MIER) has estimated Malaysia would record a 5.6% growth in its gross domestic product (GDP) in 2017, an upward revision of 0.8 percentage points (ppts) from its earlier forecast.

In its fourth quarter of 2017 economic outlook press briefing today, MIER executive director professor emeritus Dr Zakariah Abdul Rashid said the Malaysian economy performed "exceptionally good" last year, driven by a resilient domestic demand due to improvements in both investment and consumption and reinforced by a sturdy global demand.

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