Malaysia
The asian development bank has maintained its 4.7% growth outlook for malaysia his year but expects the economy to moderate slightly next year. In its latest asian development outlook 2015, the bank expects the second half of the year to slow through the secound half. "Private consumption faces headwinds from sagging consumer confidence, the new tax on goods and services, slowing growth in credit to household, and signs of softening in the labour market," it said. Business sentiment has been hurt by lacklustre prospects for exports, a sharp depreciation of the ringgit, a slide in stock prices, and spare manufacturing capacity. Malaysia is likely to record a 4.9% growth in 2016, it said, comparing the outlook versus its 5% forecast made in March