Malaysia Growth Lowest Since 2009
Malaysia Growth Lowest Since 2009

Malaysia Growth Lowest Since 2009

Malaysia Growth Lowest Since 2009

Malaysia’s economy grew 4.5% in the fourth quarter from a year earlier, ending a year of tepid growth on a stronger note, helped by solid exports and resilient domestic demand, Reuters reported. The growth was driven by private sector spending and manufacturing and services sectors, the central bank said Thursday. Growth topped the third quarter’s 4.3%. But full-year growth slowed to 4.2%, compared with 5% the year before—the lowest annual figure since 2009. Malaysia “continued to gain momentum” in the final quarter, Capital Economics said, “but against a backdrop of lackluster external demand, high household debt and limited scope for additional policy support, we doubt growth will pick up further”. Bank Negara Malaysia said domestic demand will remain the key driver of growth. BNM said that Malaysia’s current account surplus widened to RM12.2 billion ($2.74 billion) in the fourth quarter, from RM6 billion in the third quarter.

Short URL : https://goo.gl/jY0mHt
  1. https://goo.gl/vVGoA6
  • https://goo.gl/zgEDYA
  • https://goo.gl/YB8Gxe
  • https://goo.gl/A0zEW2
  • https://goo.gl/75EfHk

You can also read ...

China is likely to develop a major overcapacity in production of industrial robots. This will tend to result in building too many factories, and that in turn means price-dumping on global markets.
The Chinese government has adopted a 'Made in China 2025'...
The Trump administration has expressed interest in combating America’s trade deficit with individual countries like China and Mexico.
As the nation was reeling from the racially charged violence...
China mainland stocks enjoyed some of  the steepest gains.
Emerging stocks and some currencies ended the week on a sour...
Brazil Showing Signs of Recovery
Economic activity in Brazil expanded at a faster pace than...
Consumer confidence in Singapore has picked up.
Singapore residents were significantly more optimistic about...
Fitch Upgrades Greece Debt
Credit rating agency Fitch on Friday upgraded Greece’s debt by...
Russia Continues With Privatizations
Russia’s Economy Ministry is continuing with the sale of state...
Academia and business leaders have expressed confidence in the bloc to drive world economic growth.
Academics and business leaders from developing countries...

Add new comment

Read our comment policy before posting your viewpoints

Enter the characters shown in the image.