World Bank sees 5.1% growth for Malaysia on strength of domestic spending

06/25/2013 | Sun (Malaysia), The

Malaysia is likely to bounce back from a 4.1% growth rate in the first quarter and round out the year with 5.1% growth, duplicating that pace in 2014 with support from sustained domestic spending, the World Bank predicted. "As the global recovery gathers speed in 2014, Malaysia's external sector will increase its contribution to growth, offsetting the impact of tighter fiscal policies on the domestic economy," the bank said.

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Sun (Malaysia), The

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