Malaysia to See 4.2% Growth

Malaysia’s economy will grow by 4.2% this year, aided by an improvement in exports, recovering commodity prices and robust domestic consumption, Bernama reported. OCBC Bank economist, Wellian Wiranto, said the country’s exports were expected to grow by between 3-4% this year, supported by commodities and electronics exports. “Oil price is going to recover all the way up to $65 per barrel this year, supported by the supply cut by the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC,” he said at a briefing on the 2017 Economic Outlook in Kuala Lumpur Tuesday.