GDP to grow 4.8% this year and 4.9% next year

MALAYSIA’S economy, as measured by the gross domestic product (GDP), is expected to remain resilient despite growing uncertainties in the external sector.

Supported by firm domestic demand, the country’s GDP is projected to expand 4.8% this year, before picking up slightly to 4.9% in 2019. These numbers, however, still pale in comparison to the 5.9% GDP growth rate achieved in 2017 when the external conditions were relatively better.