Malaysia economy set to grow higher in 2017

21 Aug 2017 / 15:24 H.

KUALA LUMPUR: Malaysia's economy is set to grow higher this year with the gross domestic product (GDP) likely to be above five per cent, beating the 4.2% in 2016, said CIMB Group Holdings Bhd Chairman, Datuk Seri Nazir Razak.
Nevertheless, he said, the cautious global economy growth in the second half of this year would provide a limit to the upside trajectory, he said.
"As for the recent announcement of country's second quarter GDP of 5.8%, which was a pleasant surprise and I think it shows the momentum of the economy is strong," he said on the sidelines of Asean Roundtable Series on "Deepening Capital Markets in ASEAN: Opportunities and Challenges" here today.

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