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RAM Revises Upwards Malaysia’s 2017 GDP Forecast To 5.2 Pct

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KUALA LUMPUR – RAM Rating Services Bhd has revised upwards Malaysia’s gross domestic product (GDP) growth to 5.2 per cent this year from initial expectation of 4.5 per cent.

In a statement today, the rating agency said, the revision was made after a better-than-expected growth performance of 5.6 per cent in the first quarter of the year as the economic recovery momentum was beginning to show signs of sustainability.

“Most of this upside stems from a positive turnaround in business sentiment, which has brought about more productive capacity building in the form of machinery and equipment investments,” it said. – Bernama

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