Malaysia's economic growth pace likely slowed in the first quarter, due to ...
KUALA LUMPUR - Malaysia’s economic growth pace likely slowed in the first quarter, due to tepid consumption and softer global demand as a result of the U.S.-China trade war, a Reuters poll showed.
“Malaysia is one of the most vulnerable countries to a drop in U.S. demand for Chinese goods, as a large exporter of intermediate goods to China,” Capital Economics said in a note on Friday. The fourth quarter’s better-than-expected 4.7% rate snapped a four-quarter streak of slowing growth, but Bank Negara Malaysia has since said it expects expansion to moderate this year.
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