Strong Consumer Spending Spurs Malaysia's Growth to 1-Year High
Malaysia’s economy grew at the fastest pace in a year last quarter, as stronger consumer spending and an export recovery helped counter falling government expenditure. Key Points
- Gross domestic product rose 4.5 percent last quarter from a year earlier, Bank Negara Malaysia said in an e-mailed statement Thursday
- The median estimate of 18 economists surveyed by Bloomberg was 4.4 percent
- GDP expanded a seasonally adjusted 1.4 percent from the previous three months
- The economy grew 4.2 percent in 2016 from 5 percent in 2015
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