KUALA LUMPUR: The Asian Development Bank has revised upwards its 2017 growth projection for Malaysia from 5.4 per cent to 5.8 per cent. Most now have upgraded growth forecasts, with the sub-region projected to expand by 5.2 per cent in both 2017 and 2018. Apart from Malaysia, growth forecasts are revised upwards for Brunei, the Philippines, Singapore, Thailand and Vietnam. On inflation, ADB said inflation in Malaysia is expected to slow to 2.7 per cent in 2018, unchanged from September, as domestic price pressures subside. The inflation forecast for 2017 is revised up to 4.0 per cent from 3.7 per cent earlier in September.

Source: New Strait Times December 13, 2017 08:37 UTC