Zakariah said the Malaysian economy was in the midst of adjusting itself to the current economic situation and Mier has forecast 4.7% GDP growth this year.
KUALA LUMPUR: Despite recording a moderate gross domestic product (GDP) growth of 4.4% in the third quarter (Q3) of this year, analysts and economists remain confident of Malaysia’s future prospects, suggesting that domestic demand and the private sector will be the key drivers of economic growth, going forward.
On Friday, Bank Negara announced that the country’s GDP stood at 4.4% in Q3, driven by household spending, higher private investment and lingering effects of one-off supply shocks.
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