Malaysia Economy Is Predicted To Increase By 5.3% In 2013

01 Mar 2013

Malaysia's economy would expand by 5.3% in 2013 and may pick up pace to 5.8% in 2014 as per RAM ratings.

Growth is expected due to the increase in domestic private consumption, favourable labour-market conditions and the implementation of government initiatives and handouts.

"While fiscal policy remains supportive of economic activity, the growth of public expenditure should moderate to meet the government's longer-term fiscal-consolidation objectives and as the 'public-private partnership' method of financing has assumed a larger role in funding various development projects,"

"The authorities' supportive fiscal stance and improvements in the domestic business environment will continue underscoring market activity,"

Along with the country’s economy the exports sector is also expected to increase.

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