Malaysian economic growth beats forecasts

TheStar Fri, Feb 15, 2019 07:26am - 5 years View Original


Bank Negara Malaysia Governor Datuk Nor Shamsiah Mohd Yunus at the press conference yesterday with Statistics Department chief statistician Datuk Seri Dr Mohd Uzir Mahidin. - FAIHAN GHANI/The Star.

Bank Negara Malaysia Governor Datuk Nor Shamsiah Mohd Yunus at the press conference yesterday with Statistics Department chief statistician Datuk Seri Dr Mohd Uzir Mahidin. - FAIHAN GHANI/The Star.

KUALA LUMPUR: Malaysia’s economic growth in the fourth quarter of 2018 (4Q18) has surpassed expectations, as the country’s gross domestic product (GDP) grew 4.7% year-on-year (y-o-y).

This marks the economy’s first acceleration in growth over the last one year, following the continued slowdown in GDP growth after 3Q17 where it registered a 6.2% growth. In 4Q17, it grew by 5.9%.

   

An earlier Bloomberg survey had predicted a median GDP growth of 4.5% in 4Q18, marginally higher than the 4.4% growth registered in 3Q18.

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