KUALA LUMPUR, Nov 2 (Bernama) – The following are the highlights of the Economic Outlook 2019 report, the first presented under the Pakatan Harapan government. The 142- page report was released by the Ministry of Finance in conjunction with the tabling of the 2019 Budget today by Finance Minister Lim Guan Eng in Parliament.
- Global economy to expand 3.7 per cent in 2018 and 2019, lower than the earlier forecast of 3.9 per cent by the International Monetary Fund
- Global trade to widen by 4.2 per cent in 2018 and 4.0 per cent in 2019 (2017:5.2 per cent)
- Malaysia’s real Gross Domestic Product to increase 4.8 per cent and 4.9 per cent in 2018 and 2019, respectively, steered by sustained private sector expenditure
- Private sector growth expenditure is expected at 6.5 per cent this year and 6.4 per cent in 2019, constituting about 72 per cent of the Gross Domestic Product
- Private consumption to remain the major growth determinant in 2019, expanding 7.2 per cent, supported by a stable labour market, benign inflation and conducive financing conditions
- Private investment to post a higher growth of 5.0 per cent in 2019, attributed to capital spending in technology-intensive