MALAYSIA'S economy is projected to accelerate next year and grow between 5.5% and 6%, driven by higher exports and stronger domestic demand, primarily from the private sector, as the government's pro-growth fiscal and monetary measures start bearing fruit.
In the Economic Report 2003/2004 released by the Finance Ministry, the government has predicted a brighter outlook for the country in 2004 with all sectors of the economy expected to register higher growth, led by the manufacturing sector which will expand by 7.2% and the services sector by 5.5%.