Arab Today, arab today malaysias economy surges 64 in second quarter
Last Updated : GMT 13:22:57
Arab Today, arab today
Arab Today, arab today

Malaysia's economy surges 6.4% in second quarter

Arab Today, arab today

Arab Today, arab today Malaysia's economy surges 6.4% in second quarter

Malaysia's economy grows
Kuala Lumpur - AFP

Malaysia's economy grew a better-than-expected 6.4 percent in the second quarter on the back of stronger exports and robust domestic demand, the central bank said Friday.
Southeast Asia's third largest economy said exports jumped 14.2 percent in the three months through June compared to the same quarter last year, which saw slack external demand for Malaysian goods.
Private investment, especially in the services and manufacturing sectors, surged 12.1 percent, while private consumption grew 6.5 percent in the quarter year-on-year, the bank said.
"Exports and private sector activity remained the key drivers of growth during the quarter," Bank Negara said in a press release.
"Going forward, the Malaysian economy is expected to remain on a steady growth path," it said, adding export growth was expected to "moderate slightly" in the year's second half.
Affin Investment Bank economist Alan Tan said second half growth was expected to come in at around 5.2 percent year-on-year.
"The broad-based recovery in exports and domestic demand will likely continue in the second half however," he told AFP.
Tan said economic growth for the year was expected to slightly exceed the government forecast of between 5 to 5.5 percent.
Inflation averaged 3.3 percent in the second quarter, the central bank said, down from 3.4 percent in the first quarter.
Last month, Bank Negara raised the overnight policy rate, a key interest rate, by 25 basis points to 3.25 percent to curb inflation in the first adjustment in more than three years.
Tan said the central bank was not expected to raise the rate any further this year.
The government is planning to introduce a goods and services tax next year, which economists have welcomed to help lower one of Asia's highest debt-to-GDP ratios.
But thousands protested that plan in an opposition-led rally on May Day, expressing fears the expected six percent tax would further burden ordinary consumers already struggling with rising prices.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today malaysias economy surges 64 in second quarter Arab Today, arab today malaysias economy surges 64 in second quarter

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today malaysias economy surges 64 in second quarter Arab Today, arab today malaysias economy surges 64 in second quarter

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: اقتصاد دولي
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday