Malaysia’s growth in line with tar­gets

China Daily (USA) - - BUSINESS -

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.

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