Malaysian PM Najib Razak expects economy to grow slightly faster in 2017

Malaysia's Prime Minister Najib Razak attends an event in Kuala Lumpur, Malaysia on March 8, 2017.
Malaysia's Prime Minister Najib Razak attends an event in Kuala Lumpur, Malaysia on March 8, 2017. PHOTO: REUTERS

KUALA LUMPUR (BERNAMA) -  Malaysia expects to record a slightly higher Gross Domestic Product (GDP) growth this year from the 4.2 per  cent achieved last year, Prime Minister Datuk Seri Najib Razak said on Wednesday (March 22).

“We expect a slightly higher figure this year, and for it (growth) to rise in 2018,” he said in a keynote address at the Global Transformation Forum.

The government has forecast that the economy would grow between four and five per cent in 2017.

These figures show that the Malaysian economy is growing more than double the rates the International Monetary Fund has predicted for advanced economies over the same time period.