Malaysia Growth Robust
Malaysia Growth Robust

Malaysia Growth Robust

Malaysia Growth Robust

Malaysia’s economy should continue to grow at a decent pace over the next year, underpinned by robust exports and investment, economists at Capital Economics said, Business Insider reported. Gross domestic product advanced 6.2% year-over-year in the third quarter, faster than the 5.8% growth in the second quarter, official data showed on November 17. Moreover, the economy expanded at its fastest pace in three years. The breakdown of the data showed that private consumption, investment, government spending and net exports all advanced at a faster pace in the third quarter. Among them, investment recorded the sharpest improvement, with growth rising to 6.7% from 4.1%. Looking ahead, exports are likely to remain a key driver for the coming quarters, economists said. Besides this, Malaysia’s economy should continue to benefit from rising investment, they added. However, headwinds facing the economy are also growing, Capital Economics cautioned. “For one, with inflationary pressures rising, we suspect that Bank Negara Malaysia will start to tighten monetary policy soon, possibly as early as January, economists noted.

Short URL : https://goo.gl/ZWQnGi
  1. https://goo.gl/82tjXB
  • https://goo.gl/3HD1Uh
  • https://goo.gl/a1MNW7
  • https://goo.gl/1okwzJ
  • https://goo.gl/VQqRv3

You can also read ...

Dow futures dropped more than 100 points in early trading, as traders returned from the long holiday  weekend to face fresh selling pressure for US stocks.
A six-day rebound in world stocks began to splutter on Tuesday...
ADB Forecasts India Growth at 7.3 Percent
The Asian Development Bank expects India’s growth to pick up...
Ghana Told to Cut High Agro Imports
The World Bank country director for Ghana, Henry Kerali, has...
Chinese ironworks are increasingly  using Australian ore, which has  a high iron content.
Global stock markets are down from their recent peaks and...
London-based Capital Economics expects the German economy to expand by 2.7% this year. This would be above the government’s  more conservative forecast of 2.4%.
The German economy is expected to improve in the next six...
Indonesia Criticizes Trump’s Protectionist Policies
Indonesia is foregoing billions of dollars on offer from...
Goldman Raises Red Flag Over US Gov’t Spending
US fiscal policy is headed for “uncharted territory.” That’s...
Venezuela’s Digital Currency Makes Debut
Venezuela has begun the process of introducing a new digital...

Add new comment

Read our comment policy before posting your viewpoints