PETALING JAYA: The Malaysian economy is expected to inch lower to 4.6% in 2019 and be at around the same level in 2020, reflecting the ongoing fiscal consolidation and headwinds arising from the slowdown in the global electronics cycle, lower crude oil prices and uncertainty over the outcome of the US-China trade tension.
According to the Asean+3 Macroeconomic Research Office’s (Amro) 2018 to 2019 Annual Consultation Report on Malaysia, the country’s headline inflation is expected to climb to 1.6% in 2019 before approaching the long-run trend of 2.5% in 2020.