KUALA LUMPUR (June 14): Morgan Stanley has upgraded its gross domestic product (GDP) forecast for Malaysia to 5% for both 2017 and 2018, from an earlier projection of 4.5% and 4.6% for 2017 and 2018 respectively.
"Malaysia is one of the 'momentum' economies where we see an upswing in cyclical growth, supported by export recovery or currency depreciation and pre-election spending," it said in a report on Asean, South Korea and Taiwan Economic Mid-Year Outlook — The Export Recovery is for Real, released today.
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