💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Malaysia second-quarter GDP growth seen slowing on weaker private consumption: Reuters poll

Published 08/15/2017, 02:32 AM
Updated 08/15/2017, 03:11 AM
© Reuters. A view of a residential apartment building under construction in Malaysia's southern city of Johor Bahru

KUALA LUMPUR (Reuters) - Malaysia's economic growth is expected to have slowed slightly in the second quarter as weaker private consumption partly offset a boost from resilient manufacturing and trade, a Reuters poll showed.

The economy likely grew 5.4 percent in April-June from the same period a year earlier, cooling from a 5.6 percent pace in the first quarter, according to the median forecast from 12 economists surveyed.

Forecasts ranged from 4.9 to 6.0 percent.

Malaysia's economy grew faster than expected in January-March as solid exports and strong domestic demand produced the fastest growth in two years.

The central bank expects full-year growth to come in at 4.3-4.8 percent, up from 4.2 percent in 2016, which was the lowest rate since contracting in 2009.

© Reuters. A view of a residential apartment building under construction in Malaysia's southern city of Johor Bahru

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.