World Economy

Malaysia Growth to Remain Resilient

Malaysia Growth to Remain ResilientMalaysia Growth to Remain Resilient

Malaysia’s economy is expected to remain resilient in 2017, supported by stable private consumption and strong corporate bond issuance, said Malaysian Rating Corporation Bhd, Malaynews reported. Chief Executive Officer Mohammad Razlan Mohamad said this was evident by the rebound in gross domestic product growth in the final quarter of 2016 at 4.5%, and mainly underpinned by low private consumption volatility when compared with regional economies. “Private investment is also rebounding, supported by the implementation of large infrastructure projects such as the Klang Valley Mass Rapid Transit 2, Light Rail Transit 3 and the Refinery and Petrochemical Integrated Development venture,” he told a media briefing in conjunction with the 2017 Malaysian Economics & Sectoral Outlook Investors Conference in Kuala Lumpur, Monday. He said a stable investment climate was also evident from a sustained amount of corporate bond issuance of around RM85 billion ($19.10 billion) per annum in the past four years. However, he said MARC predicted Malaysia’s external sector performance, would continue to exert pressure on its headline growth.


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