GDP Growth Slows, But Still Strong

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Malaysia managed to achieve a GDP growth of 4.9% in the second quarter of 2015, which was a little higher than many experts predicted, but as expected, still quite a drop from the 6.5% achieved in the same quarter last year, and the 5.6% growth in the first quarter of this year.

There are various factors causing the lower GDP growth, including the economic issues in some of Malaysia’s major trading partners, lower commodity prices, and a slowdown in domestic consumer spending. Economists are now predicting lower growth for the rest of the year and full year GDP growth of between 4.5% to 5.0%.

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Source: The Expat magazine September 2015

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