Arab Today, arab today malaysian economy expands 52 in q3
Last Updated : GMT 02:26:33
Arab Today, arab today
Arab Today, arab today

Malaysian economy expands 5.2% in Q3

Arab Today, arab today

Arab Today, arab today Malaysian economy expands 5.2% in Q3

Kuala Lumpur - AFP

Malaysia\'s economy grew a better-than-expected 5.2 percent in the third quarter as domestic demand continued to compensate for a slowdown in exports, the government said yesterday. The central bank said Southeast Asia\'s third-largest economy expanded due to private consumption and private and public investment in such sectors as transportation, oil and gas, and public utilities. This managed to offset a further decline in demand abroad for the export-reliant country\'s goods and services as its key partners, such as the US and Europe, are struggling amid the global economic crisis. \"Going forward, the more challenging international environment would present risks to Malaysia\'s growth prospects,\" Bank Negara said in a statement. \"Nevertheless, domestic demand is expected to continue to be the anchor of growth, supported by the expansion in private consumption and investment. Public spending and investment activity are also expected to lend support to growth,\" it added. Malaysia\'s economy grew a faster-than-expected 5.4 percent in the second quarter, and a revised 4.9 percent in the first quarter. Bank Negara has previously forecast full-year growth between four and five percent, slower than the 5.1 percent seen last year. Alan Tan, an economist with Affin Investment Bank, said he was revising his expectations for full-year growth to five percent as the third quarter figure was better than the 4.9 percent that had been expected. \"The 5.2 percent is driven mainly by healthy domestic demand driven by private investment and consumption. We expect this trend to continue into the fourth quarter,\" he said. Inflation moderated to 1.4 percent in the third quarter, down from 1.7 percent in the second quarter, the central bank said. Prime Minister Najib Razak, who must face a strengthening opposition in elections by mid-2013, has set a goal of Malaysia becoming a \"high-income developed nation\" by 2020. He has previously said the economy needs to expand six percent annually to reach that target.

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 malaysian economy expands 52 in q3 Arab Today, arab today malaysian economy expands 52 in q3

 



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 malaysian economy expands 52 in q3 Arab Today, arab today malaysian economy expands 52 in q3

 



Arab Today, arab today Designer Rania Adel reveals her new collection

GMT 17:59 2017 Monday ,12 June

Designer Rania Adel reveals her new collection
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 Mai Al-Jeddawi presents décor ideas for Ramadan
View News in Arabic - Business: نفط وبتروكيماويات
Arab Today, arab today
Arab Today, arab today

GMT 09:49 2017 Tuesday ,02 May

Girl barred from Malaysia chess competition

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse

GMT 16:25 2017 Sunday ,04 June

“Suhoor” is basic meal for fasting

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons

GMT 23:13 2017 Sunday ,18 June

New ransomware virus attacking mobiles in Oman
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