Economy to expand up to 4.5%, OCBC Bank says

Chief economist Selena Ling said the anticipated GDP growth, which is slower than the 4.8 per cent projected by the government, would be mainly affected by external factors such as the United States (US)-China trade deal and geopolitical developments in the Middle East.

KUALA LUMPUR,: OCBC Bank expects Malaysia’s gross domestic product (GDP) to grow between 4.2 per cent and 4.4 per cent this year, and the ringgit to improve to RM4.04 against the US dollar by end-2020.

Chief economist Selena Ling said the anticipated GDP growth, which is slower than the 4.8 per cent projected by the government, would be mainly affected by external factors such as the United States (US)-China trade deal and geopolitical developments in the Middle East.