PETALING JAYA: Several Asean economies’ outlooks, including Malaysia’s, have been downgraded by Goldman Sachs Group Inc, with economists citing the impact from a slowing Chinese economy as a reason for the gloomier forecast.
The economists said in a report that Malaysia’s gross domestic product (GDP) had been lowered to 5.1% year-on-year from 5.3% for this year, while 2014’s GDP growth had been cut to 5.2% from 5.5%.
Already a subscriber? Log in.
Limited time offer:
Just RM5 per month.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!