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Malaysia Q1 Growth Rises

Malaysia Q1 Growth RisesMalaysia Q1 Growth Rises

Malaysia’s pace of economic growth likely picked up in the first quarter of this year, on resurgent exports and strong domestic demand, a Reuters poll showed. The median forecast from 12 economists surveyed was for annual growth in January-March of 4.8%, up from 4.5% in the fourth quarter of 2016. If the rate tops 4.5%, the latest quarter will be the third with quickening expansion. Forecasts from the economists ranged between 4.4 and 5.2%. Malaysia, Southeast Asia’s third largest economy, has been buoyed by strong exports and resilient private consumption since July-September, when it snapped a five-quarter period of declining growth.

 

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