Malaysian economy to expand 4.3-4.8% this year, says BNM Governor

KUALA LUMPUR: The country's economy is projected to expand between 4.3% and 4.8% this year driven by domestic demand and support from the external sector, says Bank Negara Malaysia Governor Datuk Muhammad Ibrahim.
He said domestic demand would remain a key driver with support from improvement in net exports while private consumption would be supported by continued employment and income growth.
"Households have the capacity and resilience to support expenditure, as well as, have ample liquid financial assets to cover debt," he told a briefing on the BNM Annual Report 2016, as well as, the Financial Stability and Payments Report here today.
Muhammad said private investment would be supported by the implementation of projects in the services and manufacturing sectors.
"Services and manufacturing sectors account for 75% of private investment activity while key quality projects would increase efficiency, productive capacity and employment," he said. — Bernama