KUALA LUMPUR, April 17 -- Research firm, Malaysian Institute of Economic Research (MIER), has revised upwards its real gross domestic product (GDP) growth projection for Malaysia this year by 0.1 percentage point to 5.5 per cent from the previous 5.4 per cent.
Executive Director, Emeritus Professor Dr Zakariah Abdul Rashid, said this was made to accommodate the actual 2017 data as it became available.
"The economy will continue to be domestically-driven and the private consumption will remain as the engine of growth.
"We can still rely on consumer spending to drive the economy with import and export remain promising even though we experienced absolute trade reduction in February," he told a press conference after a briefing on Malaysian Economic Outlook.
Zakariah said the GDP growth, however, was likely to moderate in 2019, ranging between 4.8 per cent and 5.3 per cent.....