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Malaysia Economy Growing Fastest in Two Years
May 25, 2017
According to the central bank, Malaysia economy grew fastest in the past two years in the first quarter of this year, citing a jump in exports and increased domestic demand as the reasons.
While the growth rate of Malaysia economy stood at 4.1% during January-March last year, this year it increased to 5.6 percent during the same quarter. This figure actually surpassed by the one forecasted in a survey by the Bloomberg News, which was 4.8%.
According to Bank Negara, the growth rate is likely to stay the same for the year as the global economy is showing signs of improvement.
