Domestic private demand will remain supported by stable employment conditions and wage growth, it says.
Moody's Investors Service said its outlook for the Malaysian banking system remains stable, as strong loss-absorbing buffers should mitigate a potential rise in credit costs and moderating profitability over the next 12 to 18 months.
A slowdown in trade, private investment and government spending would result in a moderation in gross domestic product growth to 4.4 percent in 2019 and 4.3 percent in 2020. It said while asset risk would rise, overall loan performance should remain stable with the system's strong loan-loss buffers sufficient to absorb a potential rise in delinquencies.
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