Economic Report 2012/2013: GDP to grow 4.5% to 5.5% in 2013


KUALA LUMPUR: The Malaysian economy is forecast to grow between 4.5% and 5.5% in 2013, underpinned by domestic demand as measures implemented in the 2013 Budget pick up pace.

The government, which is keeping a tight rein on its expenditure, expects fiscal deficit to be reduced to 4% of GDP in 2013 from 4.5% in 2012.

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