KUALA LUMPUR: The Malaysian economy is expected to experience moderate growth in 2019 due to challenging external factors, according to Economic Affai...
The Malaysian economy is expected to experience moderate growth in 2019 due to challenging external factors, according to Economic Affairs Deputy Minister Dr Mohd Radzi Md Jidin.
Mohd Radzi said the shutdown affected US economic growth, which indirectly affected the world’s economic growth during the first quarter of 2019. Mohd Radzi was replying to a question from Datuk Dr Shamsul Anuar Nasarah about Malaysia’s economic projection for the year and the ministry’s economic buffering mechanism to avoid an economic crisis.
Private consumption is expected to grow by 6.6% while private investments are projected to rise by 4.9% in 2019, he said.
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