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Malaysian Economy Expands 5.2% in Q3  Join our daily free Newsletter

MENAFN - Saudi Press Agency - 18/11/2012

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(MENAFN - Saudi Press Agency) 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.

'Going forward, the more challenging international environment would present risks to Malaysia's growth prospects,' Bank Negara said in a statement cited by AFP.

'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.

 






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