M'sia Q4 economy defies oil slump to grow 5.8%
But analysts expect full brunt of weaker global oil and gas prices in coming months
Kuala Lumpur
MALAYSIA'S economy defied sliding oil and commodities prices to grow at its fastest pace in four years in 2014, underpinned by strong construction and manufacturing activity.
The net energy exporter, however, may start to feel the full brunt of weaker global oil and gas prices on its income in the months ahead, analysts said, and the authorities have few options to stimulate demand either with fiscal or monetary policy.
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
Sri Lanka’s economy expected to grow 3% in 2024, central bank says
Yellen says US can bring inflation down without hurting jobs
US dollar briefly falls versus yen after GDP data
US weekly jobless claims unexpectedly fall
US economic growth slows more than expected in Q1
Malaysia ex-PM Mahathir facing anti-graft probe in a case involving his sons