Cautious optimism on Malaysia's economic growth

Among those warning of a slower growth was CIMB Group Holdings Bhd chairman Datuk Seri Nazir Razak, who said expectations of GDP growth for the period should be lowered. (Datuk Seri Nazir Razak, chairman CIMB group at the Asean roundtable series "Deepening Capital Markets in Asean: Opportunities and Challenges" yesterday - Ebby Saiful/The Star)

KUALA LUMPUR: Following stronger-than-expected second-quarter economic growth, analysts have turned more bullish about the prospects for the full year, with many raising their growth forecasts.

However, they cautioned that gross domestic product (GDP) growth for the second half would increase at a slightly slower pace due to the higher base effect from the same period last year.