Govt expects GDP to expand 4.5%-5% this year, Guan Eng says

Finance Minister Lim Guan Eng said the steady economic growth, at a time when various regional economies were experiencing synchronised growth slowdown, also saw an increase in total stock of foreign direct investment (FDI) in Malaysia.

KUALA LUMPUR: The government expects the economy to expand between 4.5% and 5% this year, based on the first half-year trend, Finance Minister Lim Guan Eng said.

“The 4.9% GDP quarterly growth (in Q2) is better than market expectations of 4.7% as compiled by Bloomberg,” he said.