KUALA LUMPUR: The economy is expected to grow at a slightly faster pace of 4.8% in 2020 from 4.7% in 2019 despite the external headwinds, Finance Minister Lim Guan Eng said in the foreword of the Economic Outlook 2020. However, agriculture growth is expected to slow down to 3.4% from 4.3% and mining and quarrying to 0.3% from 0.6%. Industry will play a big role in ensuring sustainable economic growth as stated in Industry4WRD. He said the institutional reforms would enable society to achieve a more sustainable and equitable long-term and economic growth. “The dividend from our economic growth must be felt by all segments of our society, if Malaysia is to become a stable developed economy, ” he said.

Source: The Star October 11, 2019 07:18 UTC