ICAEW : Malaysia's economy to stage mild rebound in 2014

  • Business
  • Tuesday, 04 Dec 2012

KUALA LUMPUR: Malaysia's economic growth is expected to be less robust next year amid a weak external economic environment, but it would rebound marginally in 2014, says the Institute of Chartered Accountants in England and Wales (ICAEW).

The Europe-based professional accountancy body forecast Malaysia's gross domestic product (GDP) for next year to grow at 3.8% in 2013, compared with an estimated growth of at least 5% this year.

It said nevertheless, the country's economy is expected to rebound marginally and register an expansion of 4% in 2014.

Malaysia's economy, according to ICAEW, would be underpinned by strong domestic demand amid comparatively weak export performance and lower commodity prices.

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