Malaysia's Q3 GDP growth slows to 4.7 % year on year, meets forecast
[KUALA LUMPUR] Malaysia's economy grew 4.7 per cent in the third quarter from a year ago, its slowest rate in over two years, but meeting analyst expectations.
Growth has been on a downtrend this year, having expanded by 5.6 per cent in the first quarter and 4.9 per cent in the second quarter.
The median forecast in a Reuters poll was for annual gross domestic product (GDP) growth to slow to 4.7 per cent in the third quarter. It was the slowest rate of growth since the second quarter of 2013.
REUTERS
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Saudi Arabia hikes oil selling prices for all grades to Asia
Slowing global economy to mean smaller revenue bump in Australian budget
Emerging-market optimism dashed by Fed as currencies, bonds sink
France’s Macron set to press China’s Xi on trade, Ukraine
Israeli Cabinet votes to shut down Al Jazeera’s local operations
Ukraine eases some wartime capital controls for businesses