Moody’s Investors Service expects Malaysia’s economy to grow higher than other A-rated countries from 2017 to 2020 against the backdrop of improved external demand, Reuters reported. Vice-president and senior credit officer, Christian de Guzman, said Malaysia’s gross domestic product was expected to register an average robust growth of 4.3% in 2017 and 2018. He said the macroeconomic picture had also stabilized in view of the pickup in commodities prices. “There is increased fiscal space to support spending for the economy, with expectation of narrower deficit than last year, provided by the higher oil prices which have so far maintained at $50 per barrel this year,” Guzman said.
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