Economic growth in 2016 is expected to remain challenging contributed to volatility in financial markets, the decline in commodity prices, the strengthening of the US dollar and slowing growth in China.
According to the 2015/2016 national economy, the economy is forecast to grow 4 percent to 5 percent, driven by domestic demand.
Private sector expenditure will remain a key component of domestic demand by 6.4 per cent expansion in 2016.
Reports said the initiative will be taken to increase the use by increasing disposable income funds achieved by creating more jobs and tackle the rising cost of living.
On the investment, investor confidence will be enhanced through the provision of a conducive environment.
Although the ringgit depreciated, inflation is forecast lower as crude oil prices fell and the slow effect of GST.
Inflation in the first eight months of 2015 grew by 1.9 percent compared to 3.3 percent the same period last year.
For exports, the exporters have been urged to strengthen its presence in the global value chain especially for emerging technologies and new growth areas.
The report also noted, 2016 was a challenging year for Malaysia, especially to increase the resilience of the domestic economy while ensuring the sustainability of public finances.
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