Six percent growth seen this yearIskandar Malaysia
Strong domestic demand, rollout of mega projects the main drivers
KUALA LUMPUR: Malaysia is expected to register 6% economic growth this year driven by strong domestic demand, high government spending and the rollout of mega government projects.
Economist Intelligence Unit Singapore Corporate Network director Justin Wood said the Government’s focus on the development services sector, as well as incentives in the financial, property and corporate sectors, were also factors towards positive growth.
Speaking to StarBiz yesterday, Wood said Malaysia’s challenge in attracting more foreign direct investments (FDIs) and accelerating growth was implementing policies identified to spur the economy.
“Malaysia has identified good policies to drive economic growth but execution is not easy.