Malaysia sees over 5.5 growth for 2004-05
AFP, Kuala Lumpur
Malaysia's economy is expected to meet the official growth forecast of 6.0-6.5 percent this year and expand at more than 5.5 percent next year, the government said Tuesday. National Economic Action Council (NEAC) executive director Mustapa Mohamed said gross domestic product (GDP) growth for 2004 was on track and in 2005 it is likely to be higher than the 5.5 percent forecast by the Malaysian Institute of Economic Research (MIER). "We will do better than the MIER forecast," Mustapa told a news conference at the presentation of a report by the independent think-tank. "The feel-good factor is still there. You can sense the bullishness in consumer sentiment, among investors," he said. On GDP growth for this year, Mustapa said that "barring any unforeseen upheavals, the economic prospects for this year are likely to remain favourable.
| 
