The headquarters of the Central Bank of Malaysia (Photo: malaysia-chronicle)Hanoi, (VNA) – Malaysia’s Department of Statistics said the country’seconomy is likely to see growth in the months from February to April 2019.
The departmentsaid the monthly change of Leading Index (LI) augmented in October 2018, registeringa growth of 1.2 percent to attain 119.3 points from 117.9 points in theprevious month, primarily due to the rise in the real imports of other basicprecious and other non-ferrous metals (0.4 percent).
On an annualbasis, the LI showed an improvement from negative 1.7 percent in September 2018to negative 0.7 percent in October 2018. The composite of LI is designed tomonitor the economic performance direction in an average of four to six monthsahead.
Recently,the World Bank revised down the forecast for Malaysia’s economic growth rate in2018 to 4.7 percent from the previous 4.9 percent, due to fluctuations in thecommodity and financial markets. The WB said a slower growth in world economy, alongwith rising concerns about fluctuations in the commodity and financial marketshave affected the country’s economic prospects.-VNA
The departmentsaid the monthly change of Leading Index (LI) augmented in October 2018, registeringa growth of 1.2 percent to attain 119.3 points from 117.9 points in theprevious month, primarily due to the rise in the real imports of other basicprecious and other non-ferrous metals (0.4 percent).
On an annualbasis, the LI showed an improvement from negative 1.7 percent in September 2018to negative 0.7 percent in October 2018. The composite of LI is designed tomonitor the economic performance direction in an average of four to six monthsahead.
Recently,the World Bank revised down the forecast for Malaysia’s economic growth rate in2018 to 4.7 percent from the previous 4.9 percent, due to fluctuations in thecommodity and financial markets. The WB said a slower growth in world economy, alongwith rising concerns about fluctuations in the commodity and financial marketshave affected the country’s economic prospects.-VNA
VNA
