Ambank: Growth for 2018 to moderate to 5.5%

Strong economy: A file picture showing customers choosing seafood at a wet market in Klang. The GDP for the fourth quarter of 2017 is estimated at 6 for Malaysia. — Reuters

PETALING JAYA: Malaysia’s economic growth for the third quarter (3Q17) may have peaked at 6.2% based on preliminary data, with gross domestic product (GDP) in 4Q17 estimated at 6%.

AmBank Research said going into 2018, GDP growth will moderate to an estimated 5.5% year-on-year (y-o-y) largely due to the high base effect of this year.