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Malaysia’s economy grows 4.5 percent in Q1

Malaysia’s economy grew by 4.5 percent in the first quarter of 2019.
Malaysia’s economy grows 4.5 percent in Q1 ảnh 1Malaysia’s economy grew by 4.5 percent in the first quarter of 2019. (Photo: nst.com.my)

Kuala Lumpur (VNA) - Malaysia’s economy grew by 4.5 percent in thefirst quarter of 2019.

According to Bank Negara Malaysia (BNM), the supply side, major sectorscontinued to expand, with the exception of mining, due to the decline in oiland natural gas production arising from unplanned closure of productionfacilities.

On a quarter-on-quarter seasonally-adjusted basis, the central bank said theeconomy grew by 1.1 percent.

BNM said the Malaysian economy is expected to remain on a steady growth path,with private sector demand anticipated to remain the anchor of growth, amidlower public sector spending.

Overall, the central bank said the baseline projection is for the Malaysianeconomy to grow between 4.3 and 4.8 percent for the year.

In late March, the central bank downgraded its forecastfor the country’s economic growth this year to 4.3-4.8 percent, from earlierprojection of 4.9 percent.-VNA
VNA
#Malaysia’s economy#grows 4.5 percent#Bank Negara Malaysia (BNM)#oil and natural gas production#steady growth path#private sector#lower public sector spending#baseline projection#Vietnam News Agency#Vietnamplus
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