KUALA LUMPUR: Malaysia’s economic growth could still surprise on the upside, depending on the duration of the West Asia conflict, said Bank Negara Malaysia (BNM) Deputy Governor Datuk Marzunisham Omar.
He noted that household and private consumption will remain key anchors of growth, underpinned by positive income prospects and a favourable labour market.
"And of course, this is supported by targeted policy support by the government to help, especially the vulnerable groups in the country, as well as strong performance in investment growth,” he said in his keynote address during the BNM Address on the Malaysian Economy and Panel Discussion, here today.
Marzunisham said Malaysia’s external position is in a good place, with adequate international reserves, sizable external assets, and a favourable external debt profile, with almost 60 per cent of the national debt in medium- and long-term debt.
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