Lower GDP growth seen for Malaysia this year

PETALING JAYA: MARC Rating foresees a downward trend in Malaysia’s headline gross domestic product (GDP) growth in 2015 to 4.7%, which is lower than the Government’s projection of 5% to 6% during Budget 2015.

This is due to decelerating domestic demand, moderating pace of export performance due to the weaker global trade, and lower-than-expected average oil price which will drag down corporate earnings and performances.