Gross domestic product (GDP) quickened 4.2 per cent in the January-March period, said Malaysia's central bank and statistics department in a joint briefing on May 17.
That is higher than the 3.9 per cent advance estimate, as well as the median forecast in a Bloomberg survey. On a quarter-on-quarter basis, the economy grew 1.4 per cent from the previous three months.
While strong services sector and manufacturing output helped drive the economy, a better than previously expected out-turn in farm and construction segments contributed to lifting overall growth.
Forward-looking indicators point to continued growth for the Malaysian economy, Bank Negara Malaysia governor Abdul Rasheed Ghaffour said in the briefing in Kuala Lumpur. He expects consumer spending to improve, aided by higher income levels, sound balance sheets and support from the government.
هذه القصة مأخوذة من طبعة May 18, 2024 من The Straits Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
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هذه القصة مأخوذة من طبعة May 18, 2024 من The Straits Times.
ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 8500 مجلة وصحيفة.
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