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Malaysia’s economic growth slows in Q3

by ChemOrbis Editorial Team -
  • 14/11/2014 (13:53)
According to media reports, Malaysia’s economic growth slowed down in the third quarter of 2014. The country’s gross domestic product (GDP) increased 5.6% year over year in the third quarter after posting a growth rate of 6.5% in the second quarter.

Malaysia’s slower economic growth was attributed to lower demand for Malaysian goods and the globally unsteady economic recovery. The country’s exports were up 2.8% in the third quarter after an increase of 8.8% in the previous quarter while manufacturing sector growth eased to 5.3% from a gain of 7.3% reported in the second quarter of this year.

Meanwhile, the country’s economy grew by 6.1% in the first nine months of 2014. The government expects the country’s GDP to grow by 6% both this year and next.
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