Economy to grow below 5%, predicts think-tank

Chan Kok Leong

Exports rebounded in April after two successive months of contraction, with Malaysia expected to be a beneficiary from a protracted US-China trade war. – AFP pic, June 24, 2019.

A THINK-TANK today maintained Malaysia’s gross domestic product (GDP) growth at 4.5%-4.7% for 2019, below the 5% as projected by Prime Minister Dr Mahathir Mohamad.

Lee Heng Guie, executive director of the Socio-Economic Research Centre (SERC), said its projections are based on the contraction in exports and slowdown in private investment figures as well as continued uncertainty in global trade tensions.

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