Malaysia's Growth Slows as Consumption Levy Weighs on Spending
- Government projects it will miss trade target this year
- New tax contributing to rising costs and poorer sentiment
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Malaysia’s economy expanded at the slowest pace in more than two years as private consumption eased, adding pressure on policy makers to bolster growth and boost confidence.
Gross domestic product rose 4.7 percent in the three months through September from a year earlier, after climbing 4.9 percent in the previous quarter, the central bank said in Kuala Lumpur Friday. That matched the median estimate in a Bloomberg News survey.