Economic Outlook 2020: Faster GDP growth of 4.8%

Construction is targeted to grow 3.7% from 1.7% in 2019 from the implementation of mega projects and affordable housing.

KUALA LUMPUR: The economy is expected to grow at a slightly faster pace of 4.8% in 2020 from 4.7% in 2019 despite the external headwinds, Finance Minister Lim Guan Eng said in the foreword of the Economic Outlook 2020.

He said underpinning the growth are the sound fundamentals which include strong and trustworthy public institutions, a healthy labour market, low and stable inflation, comfortable current account surplus and a well-diversified economy.