Economy / Malaysia
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Macroeconomic Forecast Malaysia
August 2004 | Macroeconomic ForecastsSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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Malaysia's recent blistering pace of economic growth is likely to falter in 2005 as interest rates rise and the global economy takes a breather. From an estimated rate of 6.5% in 2004, inflation-adjusted GDP growth is likely to drop by more than a percentage point to around 5.3%. Export growth will fall by almost two percentage points and the rate of growth of consumption will decline by more than a third, to 4.2%, from an average rate of 7.1% in 2004.