KUALA LUMPUR: The Malaysian economy will likely remain stable next year against a global backdrop of subdued commodity prices, disinflation and uneven growth pace. Real GDP growth is expected to be 4.4 per cent, from an expected 4.1 per cent this year, says AllianceDBS Research. Private consumption will continue to drive growth next year although its performance has moderated in recent quarters. “We anticipate private consumption growth to remain subdued at 5.3 per cent in 2017,"said the research house. Downside risks to private consumption are cost-push inflation and rising unemployment.

Source: New Strait Times November 03, 2016 10:25 UTC