Malaysia records higher-than-expected economic growth

11:36 | 17/11/2016 Cooperation

Malaysia's economy recorded a higher-than-expected growth in the third quarter of this year after the five consecutive quarters of slowing.

Malaysia records higher-than-expected economic growth

Malaysian GDP growth rate (Source: internet)

According to the Bank Negara Malaysia, the third-largest Southeast Asian economy’s GDP expanded 4.3 percent in the period, higher than 4 percent forecast in a survey of the Bloomberg.

However, the bank also warned of a reverse situation for the country’s economic growth in the coming time due to external risks.

Malaysia has met difficulties in energy export because of falling oil prices and weak global demand.

In 2016’s second quarter, the country’s economic growth expanded only 4 percent, the lowest level since 2009.

The World Bank has projected that Malaysia’s GDP will grow below 5 percent in 2016 and 2017./.


Source: VNA