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Malaysia’s economic growth to stay weak in 2016-17: Moody’s

by ChemOrbis Editorial Team -
  • 22/03/2016 (15:57)
According to media reports, international rating agency Moody’s Investors Service stated that growth of export-driven economies within the Association of Southeast Asian Nations (ASEAN), including Malaysia, will remain weaker in 2016 and 2017 compared with the association’s domestic demand-orientated economies.

Moody’s cited subdued global demand, capital flow volatility and currency depreciation as the main reasons behind its weaker economic growth forecast for Malaysia, whose total trade reportedly accounts for 131% of the country’s gross domestic product.

The agency, nonetheless, added that higher employment rates can help offset the effects of limited private consumption in Malaysia.
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