Malaysian Economy Expands 5.6% in 1st Quarter of 2017
Kuala Lumpur | 17th May 2017
The Malaysian economy expanded by 5.6% in the first quarter of 2017. Growth was helped by stronger domestic demand, particularly the private sector spending. From the supply side, the improvement was driven by a change in the agriculture sector and higher growth in manufacturing and services sectors.
” Malaysian economy expanded by 5.6% in the first quarter of 2017 “
The economy is on track to register higher growth in 2017. Domestic demand is projected to continue to expand. Although inflation increased to 4.3% due to higher oil prices in the first quarter, it is expected to moderate from the second quarter onwards
Official Press Release by Bank Negara Malaysia