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PETALING JAYA: While the Malaysian economy may not be as sluggish as initially feared, there is little optimism that the country will be able to do better than last year.
KUALA LUMPUR: CIMB Group Holdings Bhd expects the outbreak of the novel coronavirus (Covid-19) to have limited impact on its assets.
KUALA LUMPUR: Bank Islam Malaysia Bhd expects to achieve a loan growth of 7% to 8% next year, slightly lower than this year’s target, amid the challenging business environment.
PETALING JAYA: The Malaysian economy is expected to see some recovery, with growth set to pick up this year. According to Bank Negara estimates, the economy this year should grow at a range of between 4.3% and 4.8%. Last year, the economy grew 4.2%.
BEIJING/SHANGHAI: China's economic growth held steady at 7.3 percent in the fourth quarter from a year earlier, slightly better than expected but still hovering at its weakest since the global financial crisis, keeping pressure on policymakers to head off a sharper slowdown.
WASHINGTON: U.S. consumer spending growth unexpectedly stalled in April as households cut back on purchases of automobiles and continued to boost savings, suggesting the economy was struggling to gain momentum early in the second quarter.