Dr M: Malaysia’s economy to grow 4.5% this year

Dr M: Malaysia’s economy to grow 4.5% this year

KUALA LUMPUR: Malaysia’s economy is expected to expand by 4.5% this year, Prime Minister Mahathir Mohamad said today, down from the government’s initial estimate of 4.8%.

Mahathir cited “challenging times” for the downwards revision to the government’s forecast, which was announced when Budget 2020 was tabled in November. He did not elaborate.

“With good fiscal discipline, our budget deficit will narrow to 3.2% this year. We are committed to provide a stable business environment for investors. We will be business friendly,” he said in his speech at a business conference.

Reuters