PETALING JAYA: Despite tensions in the Middle East and the US Federal Reserve (Fed) signalling that it will not cut interest rates soon, the Malaysian economy is unfazed and appears to be on track to grow between 4% and 5% this year in line with official estimates.
Most economists expect the gross domestic product (GDP) growth projection by Bank Negara to be in sync with their forecasts, but said they were awaiting for the introduction of the planned fuel subsidy rationlisation to gauge how it would affect consumption.
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