Economy expected to continue 4.5% growth in Q2

GEORGE TOWN: Finance Minister Lim Guan Eng says Malaysia’s economic growth is expected to plateau at 4.5% of the GDP in the second quarter, continuing at the same rate of growth experienced in the first quarter.Singapore’s trade ministry had cited the US-China trade war, slowing growth in China, Brexit, the Japan-Korea trade dispute and the unrest in Hong Kong as some of the reasons behind the slowdown, Reuters reported.

Lim said GDP numbers alone would not help Malaysia steer clear of troubled waters during the trade war. The only way to do so would be to attract more foreign investments, he added. “China, during the same quarter, was RM4.4 billion. Before this it was just RM1 billion. I believe the numbers can rise further to RM10 billion, as China is Malaysia’s largest trading partner,” he said.

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Singapore cuts growth outlook as trade war deepensThe Ministry of Trade and Industry has revised its growth forecast downwards to 0%-1% this year, from a previous estimate of 1.5%-2.5%. FMTNews
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