Bank Negara projects 4.3% to 4.8% growth in economy for 2017

KUALA LUMPUR: Malaysia's economy is expected to grow by 4.3% to 4.8% in 2017, with domestic demand remains as the main driver of growth underpinned by private sector activity.
Speaking at a media briefing today in conjunction with the release of the Bank Negara Annual Report 2016, governor Datuk Muhammad Ibrahim said the growth will also be supported by the expansion in global growth and trade.
With that, he expects net exports to turnaround to 5.3% growth in 2017 from -1.8% in 2016.
Private investment is expected to register a moderate growth of 4.1% in 2017 as firms are seen to remain cautious amid uncertainties in the economic environment.
However, private investment will continue to be supported by the implementation of on-going and new projects, particularly in the manufacturing and services sectors