Malaysian economy expected to strengthen to 5.6%

The Malaysian economy is expected to strengthen further to 5.6% in the second half of 2013 on robust growth in domestic demand bolstered by the implementation of projects under the various economic programmes. Economic Outlook Report by (RHB) Research showed that for the fully year real gross domestic products (GDP) growth was projected to sustain at 5.1% in 2013 after picking up to 5.6% in 2012, according to the Malaysian (Bernama) News Agency. The report said growth slackened in the first quarter of the year but would likely to be temporary. Meanwhile consumer spending was projected to remain resilient and privet investment would likely pick up pace in the second half of 2013.