Malaysia`s economy grew by 4.9% in the second quarter
Publish Date : 2019/08/16 - 08:13

Malaysian central bank said Friday that the Malaysian economy grew 4.9% year-on-year in the second quarter, making it the first Southeast Asian economy to grow from January to March 2019.

Growth in the second quarter boosted forecasts by 4.8% in Reuters polls, which is 4.5% higher than annual growth in the first quarter of 2019.

The central bank hit its annual growth target of 4.3% to 4.8%, but said intensifying global trade tensions could slow 0.1% GDP growth.

Current account surplus decreased by 14.3 billion ringgit ($ 3.42 billion) in the second quarter from 16.4 billion ringgit in the first quarter.

1$ = 4.1820 ringgit

Source: Reuters

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