Malaysia economy to grow at 5.4pc in Q2

Reuters | Published: August 15, 2017 07:43:25 | Updated: October 24, 2017 17:05:39

Malaysia's economic growth is expected to have slowed slightly in the second quarter as weaker private consumption partly offset a boost from resilient manufacturing and trade, a Reuters poll showed.

The economy likely grew 5.4 per cent in April-June from the same period a year earlier, cooling from a 5.6 per cent pace in the first quarter, according to the median forecast from 12 economists surveyed.

FMalaysia's economy grew faster than expected in January-March as solid exports and strong domestic demand produced the fastest growth in two years.

The central bank expects full-year growth to come in at 4.3-4.8 per cent, up from 4.2 per cent in 2016, which was the lowest rate since contracting in 2009.orecasts ranged from 4.9 to 6.0 per cent, according to Reuters.