KUALA LUMPUR, Feb 11 — Maybank Investment Bank Research (Maybank IB) has estimated the gross domestic product (GDP) growth for the fourth quarter (4Q) 2019 to moderate to 3.8 per cent year-on-year (YoY) based on drops in mining and agriculture, plus a slowdown in manufacturing. This is despite a...
Tuesday, 11 Feb 2020 12:16 PM MYT
“Our current 2020 growth forecast is 4.4 per cent with downward revision risk in view of the fallout from the 2019 novel coronavirus outbreak. “The government total expenditure growth decelerated sharply to 3.1 per cent YoY in 4Q 2019 vs 25.3 per cent YoY in 3Q 2019, implying a weak performance in real government consumption expenditure last quarter after the 1.0 per cent YoY growth in 3Q 2019.
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