Hanoi (VNA) – Malaysia’s leading bank Maybank still maintained its 2019 growth forecast of 4.9 percent for the Southeast Asian country as the mining and agriculture sectors are expected to recover this year.

Maybank Investment Bank Research said in a report on February 15 that the key lookouts for this year's growth forecast include the outcome of the US and China trade talks and clarity on Malaysian government's policy on the country's long-term economic growth, following the establishment of the Economic Action Council on February 11.

The report emphasised on the bank’s expectations of sustained growth momentum this year, which is premised on recoveries in the mining and agriculture sectors, and the US-China trade deal mitigating the downside risks to global economic and trade growth.

Malaysia announced on February 14 that its 2018 gross domestic product (GDP) growth slowed to 4.7 percent from 5.9 percent in 2017.-VNA