Malaysia’s economic growth slows down in Q1
The Malaysian economy was dragged down by lower business investments due to rising costs and lower oil prices. As a part of their efforts to boost growth, Malaysia’s central bank kept its benchmark rate unchanged in March despite accelerating inflation.
The economy is likely to expand 4% to 4.5% this year in line with the government’s projections. On the other hand, the government expects inflation to rise between 2.5% and 3.5% in 2016.
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