KUALA LUMPUR, Nov 17 ― Malaysia’s economy expanded 6.2 per cent annually in the third quarter, central bank data released today showed, recording its highest quarterly growth in more than three years.
Growth in the July-September period was supported by robust private sector spending and strong exports, Bank Negara Malaysia (BNM) said at a news conference.
The median forecast of a Reuters poll of 13 economists was for growth to remain steady at 5.8 per cent, matching the pace set in the second quarter.
Strong growth over the first half of 2017 led Malaysia’s government to revise its full-year growth projection to 5.2 to 5.7 per cent from 4.3 to 4.8 per cent. ― Reuters
Source: The Malay Mail Online