Malaysia's economy grows 4.5% y-o-y in Q4, matches forecasts
[KUALA LUMPUR] Malaysia's economy grew 4.5 per cent in the fourth quarter from a year earlier, central bank data showed on Thursday, as a year of tepid growth ended on a stronger note helped by solid exports.
Growth was in line with a median forecast of 4.5 per cent in a Reuters poll, and better than the 4.3 per cent pace posted in the third quarter.
The full-year 2016 growth rate was reported as 4.2 per cent, compared with 5 per cent in 2015.
Fourth-quarter growth was supported by domestic demand, the central bank said.
Malaysia's central bank also said on Thursday that the current account surplus widened to RM12.2 billion (S$3.89 billion) in the fourth quarter, from RM6 billion in the third quarter.
REUTERS
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
US core capital goods orders rise moderately in March
Chinese tourists are again embracing international travel
Abu Dhabi raises US$5 billion with first eurobonds in three years
Thailand’s 500 billion baht handout aims to boost overall economy, not geared to poor: official
German business sentiment rises more than expected in April: Ifo
Indonesia’s central bank surprises with “pre-emptive” rate hike to cushion falling rupiah