MALAYSIA’S ECONOMY GROWS 5.6% IN 1Q

Kuala Lumpur - Malaysia's economy recorded robust growth of 5.6% in the first quarter of 2017 against the 4.1% registered in the same quarter of 2016, boosted by strong domestic demand and private expenditure.

Bank Negara Malaysia (BNM) Governor Muhammad Ibrahim said the growth for the just ended quarter was the best since the corresponding quarter of 2015, which saw gross domestic product (GDP) at 5.8%.

Going forward, Muhammad said the economy was on track to register higher growth of between 4.3% and 4.8% this year on anticipation of a further expansion in domestic demand, better export growth, and moderate inflation in the coming quarters. (QNA)

Source: Qatar News Agency