KUALA LUMPUR: Standard Chartered Bank expects Malaysia to record a solid growth of 5.9 per cent for 2014.It would be the highest growth performance for the country since the global economic crisis.It has projected the last quarter to chalk a 5.2-5.3 per cent year-on-year growth.2015 will be a slower year in terms of growth to record a 5.5 per cent partly due to the high base effects.Economist Edward Lee said Malaysia should benefit from a pick-up in global demand in the second half of the year."Non-commodity exports form 70 per cent of the total," he said, in his presentation at the bank’s global research briefing here.Headwinds are expected to be seen in the consumption side to record a six per cent from 7 per cent last year.He expects the property sector to consolidate this year on the back of a highly leverraged household sector.StanChart expects Bank Negara to raise the interest rate by 25 basis points in November.
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