Malaysia growth to slow to 3.6% in 2016: HSBC

Kuala Lumpur

MALAYSIA'S economy is forecast to grow 3.6 per cent this year as its growth engines are stuttering while Putrajaya's policy responses will be limited owing to high levels of public and private indebtedness, according to global banking group HSBC.

Its growth projection would mark Malaysia's weakest in seven years and appears far more bearish than the official 4-5 per cent forecast, and substantially lower than last year's estimated 4.5-5 per cent expansion.