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Standard Chartered estimates Malaysia’s 3rd quarter growth eases to 4.4% | The Malaysian Insight

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Standard Chartered estimates Malaysia’s 3rd quarter growth eases to 4.4%

Capital goods imports remained weak in Malaysia, likely indicating weak machinery and equipment investment, says Standard Chartered Global Research. – EPA pic, November 14, 2019.

STANDARD Chartered Global Research estimates Malaysia’s gross domestic product growth for the third quarter of 2019 to ease to 4.4% from 6.2% in the same quarter last year due to a high base effect. Despite a healthy labour market, it said there were signs that it was softening, including the 1.9% year-on-year employment growth’s three-month moving average in August versus 2.6% a year ago, and the job vacancies-to-unemployed persons ratio falling to 0.89 in Q3 2019 – the lowest in three years.

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