Malaysia’s economy grows 4% in Q2

KUALA LUMPUR — Malaysia’s economic growth continued to slow in the second quarter, trundling along at its weakest pace in nearly seven years as poor global demand for commodities continued to hurt the trading nation.

South-east Asia’s third-largest economy grew 4 per cent in the second quarter from a year earlier, showed official data yesterday, in line with a median forecast in a Reuters poll but lower than 4.2 per cent in the January-to-March period. It is the fifth straight quarter of declining growth and the slowest since the third quarter of 2009, when the economy contracted 1.2 per cent.

Read more… @ TODAYonline

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