World Economy

Malaysia Economy Growing

Malaysia Economy GrowingMalaysia Economy Growing

The Malaysian economy remains healthy compared with its global peers, despite the rise in the country’s debt due to the deceleration of growth and a thinner current account surplus, Bernama reported. Franklin Templeton Investments Executive Director and Head Malaysia Fixed Income and Sukuk, Hanifah Hashim, said despite these challenges, the country’s economy had held steady on the back of the rapid fall in oil prices when compared to emerging market peers. “The economy is still growing and the nation’s current account remains in the surplus, and debt levels are with no large foreign currency liability mismatch,” she said in a statement.