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Malaysia GDP to grow 5.2pc in 2018, says economist

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ICAEW Economic Advisor and Oxford Economics Lead Asia Economist Sian Fenner said the 2018 outlook would be determined more by the health of Malaysia’s import partners and global trade dynamics. — Reuters pic

KUALA LUMPUR, March 22 — Malaysia’s gross domestic product (GDP) is expected to grow 5.2 per cent in 2018, easing slightly from 5.9 per cent in 2017 on the back of slightly tighter credit conditions and moderation in export growth.

Institute of Chartered Accountants in England and Wales (ICAEW) Economic Advisor and Oxford Economics Lead Asia Economist Sian Fenner said the 2018 outlook would be determined more by the health of Malaysia’s import partners and global trade dynamics.

“In addition, further interest rate rises following the January hike may be brought forward if a tightening labour market triggers unexpectedly strong wage growth in 2018,” he said in a statement today.

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The Malay Mail Online

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