Malaysian economy to grow about 5 percent in 2014: analysts

Malaysian economy to grow about 5 percent in 2014: analysts

With a better-than-expected performance of the Malaysian economy, which grew 5.1 percent year on year in the final quarter of 2013, analysts forecast that its growth will be around 5 percent in 2014, according to a local report on Thursday.

The full-year growth of the Malaysia economy in 2013 averaged 4. 7 percent, much lower than the 5.6 percent forecast made in 2012, Malaysian State News Agency Bernama said.

Alliance Research on Thursday forecast that the Malaysian economy will grow faster in 2014 at a rate of 5 percent, which will be underpinned by recovery in the external sector and sustained domestic demand.

RHB Research expected real GDP to grow at a faster rate of 5.4 percent in 2014, foreseeing Malaysia’s domestic demand to remain resilient.

HLIB Research said the outlook for the Malaysian economy would remain moderate, with real GDP growth to be 5 percent in 2014, thanks to the synchronized growth in major economies reinforced with firmer commodity prices.

Maybank Kim Eng maintained its 2014 real GDP growth forecast of 5 percent./.

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