Malaysia’s growth in line with targets
Malaysia’s economy grew by 4.3 percent in the third quarter of 2016, in line with the government’s growth target, the central bank said. The growth rate rebounded from 4.0 percent in the previous quarter, underpinned mainly by continued expansion in private sector spending and additional support from net exports, the central bank said in a statement. Domestic demand grew at a more moderate pace, as the sustained growth in private sector activity was more than offset by the slower growth in public spending, it said. On the supply side, growth continued to be driven by the major economic sectors, supported mainly by services and manufacturing, while the agriculture sector remained weak, it added.