Malaysia economy to grow at 5.4pc in Q2

Dhaka,  Sun,  24 September 2017
Published : 15 Aug 2017, 13:36:19

Malaysia economy to grow at 5.4pc in Q2

Malaysia economy to grow at 5.4pc in Q2
Malaysia's economic growth is expected to have slowed slightly in the second quarter as weaker private consumption partly offset a boost from resilient manufacturing and trade, a Reuters poll showed.

The economy likely grew 5.4 per cent in April-June from the same period a year earlier, cooling from a 5.6 per cent pace in the first quarter, according to the median forecast from 12 economists surveyed.

Forecasts ranged from 4.9 to 6.0 per cent, according to Reuters.

Malaysia's economy grew faster than expected in January-March as solid exports and strong domestic demand produced the fastest growth in two years.

The central bank expects full-year growth to come in at 4.3-4.8 per cent, up from 4.2 per cent in 2016, which was the lowest rate since contracting in 2009.
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