Malaysia's Growth Quickens to Two-Year High, Beating Forecasts
- Economy grows 5.6% y/y in first quarter; median estimate 4.8%
- Private sector consumption rises 6.6% from a year earlier
This article is for subscribers only.
Malaysia’s economy grew at the fastest pace in two years last quarter, lifted by an export recovery and stronger private consumption and investment.
Malaysia’s economy is picking up speed, driven by household spending and a recovery in exports that’s helped by higher oil prices. The central bank forecast growth of as much as 4.8 percent this year from 4.2 percent in 2016.