World Economy

Malaysia Growth Slows

Malaysia Growth SlowsMalaysia Growth Slows

Malaysia’s economic expansion slowed last quarter after exports and investments cooled, an easing that may persist as subsidy cuts weigh on private consumption. Gross domestic product rose 5.6% in the three months through September from a year earlier, after climbing a revised 6.5% in the second quarter, the central bank said in Kuala Lumpur Friday. That matched the median estimate in a Bloomberg News survey of 26 economists. Demand for Malaysian goods has weakened amid an uneven global recovery, while consumers and companies are grappling with higher costs as the government reduces subsidies.