Asia

Economy

Staff Reporter

, Malaysia

Published:

10 years ago

Malaysia's economic growth forecast for 2013 dipped to 4.4%

Investment growth likely to suffer from delays.

According to Credit Suisse, the Malaysian government's decision to place greater emphasis on the budget position means that fiscal policy will become less accommodative – with higher fuel prices eroding consumer spending power and postponement of some infrastructure projects capping the overall investment growth.

As such, Credit Suisse has cut its 2013 GDP growth forecast to 4.4% from 5% earlier and 2014 estimate to 5% from 5.2% earlier – both these numbers are below the consensus expectations

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