Malaysia's growth prospects look upbeat with its real Gross Domestic Production (GDP) anticipated to rise 4.2% this year.
A Bernama news agency report Thursday, citing Malaysian Institute of Economic Research (MIER) Executive Director Emeritus Professor Dr Zakariah Abdul Rashid said domestic demand would likely grow by 4.5% against 5.1% recorded in 2015.
"The growth will be underpinned by private investment growth of 5.6% and private consumption growth of 5.2%," he said at the 21st Corporate Economic Briefing organised by MIER here Thursday.
Zakariah said public sector investment would pick up in the short-term, growing at 1.4% compared with a negative one per cent in 2015.
In 2015, private investment grew 6.4 per cent while private consumption expanded 6.0%.
He said Bank Negara Malaysia would manage the tight liquidity condition in favour of stimulating production and other economic activities by maintaining a larger proportion of shorter-maturity monetary instruments such as money market borrowings and repos, in its policy mix.