The Malaysian economy is expected to grow by 5% next year from the 4.6% forecast for 2013, buoyed by strong sustained domestic demand, says MIDF Amanah Investment Bank Bhd.
Its Chief Economist Research Development, Maslynnawati Ahmad, said domestic demand would continue to be supported by growth in wages and a stable employment outlook.
She said the expected recovery in the external demand would provide a boost to the economy.
"The export sector has been volatile this year but we expect it to pick up next year due to the recovery in the US," she told reporters after today's media briefing on Market and Economic Outlook for 2014.
Maslynnawati said all components of exports, such as electrical and electronic products, as well as commodities, were expected to be firmer next year. - Bernama
No comments:
Post a Comment