India, July 28 -- Malaysia's economy remains on a strong footing despite challenging external trade situation, the Bank Negara Malaysia said Monday.
The central bank projected the economy to expand between 4 percent and 4.8 percent this year. Favorable outcome of trade negotiation, pro-growth policies in major economies, continued demand for electrical and electronic goods and strong tourism activity could lift Malaysia's exports and growth prospects, the central bank said.
Advance GDP estimates released earlier this month showed that the economy grew 4.5 percent in the second quarter after rising 4.4 percent in the first quarter.
Bank Negara Malaysia Governor Abdul Rasheed Ghaffour said the Malaysian economy remains resilient despite gl...