Malaysia’s economic growth to slow to 4.7% this year

  • Economy
  • Tuesday, 16 Oct 2018

KUALA LUMPUR: Malaysia’s economy is expected to grow at a slower pace of 4.7% in 2018 from 5.9% last year, according to Allianz Group.

The German-based insurer and asset management company forecast the gross domestic product (GDP) of Malaysia would decelerate further to 4.6% in 2019 amid a challenging external environment and fiscal consolidation initiatives by the Government.

Economy , GDP , Allianz