M’sian economy to experience moderate growth this year

KUALA LUMPUR, Feb 14 (NNN-BERNAMA) – The Malaysian economy will continue to experience moderate growth this year, supported mainly by external demand and resilience in private consumption among others, says Bank Negara Malaysia (BNM) governor Datuk Nor Shamsiah Mohd Yunus.

She said exports, which rose to RM836.4 billion in 2018 from RM807 billion recorded in 2017, would also continue to be the growth driver for 2019.

However, she acknowledged the downside risks the country faced, namely uncertainty coming from the ongoing trade tensions between the US and China, the impact of US tax cuts and also from the European Union.

Nor Shamsiah told reporters this after announcing Malaysia’s 2018 full year gross domestic product and fourth quarter results here Thursday.