MARC sees economy growing at slower pace of 4.3%

Nevertheless, MARC believes the greater transparency about the government’s total liability and efforts to address it, are a positive factor for Malaysia’s overall sovereign rating assessment.

KUALA LUMPUR: Malaysia’s economy is expected to grow at a slower pace of 4.3% in 2020, below the government forecast of 4.8%, according to Malaysian Rating Corporation (MARC).

It said in a report on Tuesday the country's real gross domestic product (GDP) growth would be impacted by the weaker external trade performance and softer domestic demand growth.