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Economic growth slows as exports, investments slide

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GDP expanded 4.5% from a year ago, down from 4.7% in the fourth quarter.

Bank Negara Malaysia forecasts growth of 4.3% to 4.8% this year, compared with the government’s projection of 4.9%.

Gross domestic product expanded 4.5% from a year ago, down from 4.7% in the fourth quarter, the central bank said today. The median estimate in a Bloomberg survey of 22 economists was for growth of 4.3%.Growth in domestic demand weakened to 4.4% in the first quarter from 5.7% in the previous three months, on the back of a slump in private and public-sector investment.

Exports contracted in February and March, resulting in quarterly growth of 0.1%. For trade-reliant Malaysia, the renewed tariff tensions between the US and China poses a serious threat to the economy.

 

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Slipping down again? Wah, congratulations PH govt!!

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