GDP growth seen slowing in second quarter

: ’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% in April-June from the same period a year earlier, cooling from a 5.6% pace in the first quarter, according to the median forecast from 12 economists surveyed.

Forecasts ranged from 4.9% to 6%.

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

The expects full-year growth to come in at 4.3-4.8%, up from 4.2% in 2016, which was the lowest rate since contracting in 2009. – Reuters

Source: The Sun Daily

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