Malaysia’s Growth Slows to Below 5% First Time in Seven Quarters
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Malaysia’s growth slowed to less than 5 percent for the first time in seven quarters as falling exports offset domestic consumption gains from election spending.
Gross domestic product rose 4.1 percent in the three months through March from a year earlier, after a revised 6.5 percent gain in the previous quarter, the central bank said in a statement in Kuala Lumpur today. That is lower than all 22 estimates in a Bloomberg News survey. The monetary authority kept its full-year growth forecast at as much as 6 percent.