Malaysia’s economy is projected to expand between 4.3 and 4.8 per cent this year driven by domestic demand and support from the external sector. Bank Negara Malaysia Governor Datuk Muhammad Ibrahim (pic) said domestic demand would remain a key driver with support from improvement in net exports while private consumption would be supported by continued employment and income growth.
“Households have the capacity and resilience to support expenditure, as well as, have ample liquid financial assets to cover debt,” he told a briefing on the BNM Annual Report 2016, as well as, the Financial Stability and Payments Report in Kuala Lumpur.
Source: Bernama
