KUALA LUMPUR - Malaysia's Finance Minister Tengku Zafrul Aziz is confident the economy will expand faster than expected in the current year, supported by strong private consumption amid risks from a global slowdown.
The central bank estimated full-year growth to be at the upper end of its 5.3 per cent to 6.3 per cent forecast. Aided by a boom in overseas trade, with both export and import values hitting records in June, Malaysia's economy is among the best performers in the 10-country Association of South-East Asian Nations .
"We are facing various challenges including the strengthening dollar and a slowing global economy," Mr Zafrul said.
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