Mier forecasts 4.5% GDP growth this year


Growth driver: A file picture showing an employee at work at the new Boon Siew Honda factory in Kepala Batas. Domestic demand is expected to continue to be the driver of GDP growth in 2017.

KUALA LUMPUR: The Malaysian Institute of Economic Research (Mier) has forecast a gross domestic product (GDP) growth of 4.5% for Malaysia this year against an estimated growth of 4.2% projected for 2016.

Executive director Dr Zakariah Abdul Rashid said the projection was based on the country’s healthy trade balance in September, October and November last year, which stood at RM6.6bil, RM9.8bil and RM9bil, respectively.

The Star Christmas Special Promo: Save 35% OFF Yearly. T&C applies.

Monthly Plan

RM 13.90/month

Best Value

Annual Plan

RM 12.33/month

RM 8.02/month

Billed as RM 96.20 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Trading ideas: Binastra, Solarvest, Kenanga IB, Ann Joo, EPMB, Sentral REIT, Pasukhas, Lianson, TH, Poh Kong, SSF
Oil prices fall as supply outlook offsets disruptions in Venezuelan flows
Yinson’s FY26 earnings to rise on improved FPSO margins
Middle East oil market weakens as glut concerns gain traction
Missed payments show growing property stress
Carry trade revival spurs optimism for 2026
Abundant liquidity positive for property sector
Malakoff likely to experience turning point in FY26
Vietnam market may continue to correct this week
Rich world’s rate-cut momentum is fading away

Others Also Read