KUALA LUMPUR: UBS Investment Bank is expecting a six per cent growth in the Malaysian economy in 2017 and expects the trend growth to continue in 2018, but closer to five per cent. UBS Investment Bank economist Alice Fulwood said as trade slows from around 10 per cent in 2017 to seven per cent in 2018, it will impact the growth outlook. The upcoming general election and infrastructure projects like the east coast rail line would contribute to growth in 2018. On the global front, UBS is looking to a robust 3.8 per cent growth outlook for 2017 and 2018, powered by Chinese property, US shale, and commodity rebound. UBS expects Bank Negara Malaysia to be concerned about inflation as the output gap likely closed last year.

Source: New Strait Times December 14, 2017 11:26 UTC