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12 Feb 2019, Gergana Bencheva, EMIS Editor

Malaysia’s GDP growth to reach 4.9% in 2019

Malaysia's gross domestic product (GDP) is expected to grow by 4.9% on the year for 2019, The Edge Financial Daily reported referring to an estimate provided by Standard Chartered Research. Over the current year, private consumption is due to remain the main growth pillar of the country’s economy.

According to the research firm, Malaysia’s GDP will be supported by the resumption of production capacity in the mining sector and the planned goods and services tax and income tax refunds. The group also urged the country’s central bank to keep interest rates on hold in 2019.

Malaysia’s GDP growth for 2018 is expected to be 4.6% on the year, versus 5.9% in 2017. For the fourth quarter alone, the estimate stands at 4.4%, The Edge Financial Daily reported.

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