Economy expected to grow 4.8% y/y in Q3/2012.

By bne IntelliNews November 16, 2012
Malaysia's economy is expected to grow 4.8% y/y in the third quarter of this year, due to a prolonged euro-zone crisis caused by a decline in exports and counterbalanced by strong domestic demand. As reported by Dow Jones Global Equities News, Daniel Martin, an economist at Capital Economics, stated that it is likely to be difficult to maintain an investment boom due to the weak global environment, since private investors are expected to be more cautious while spending on large-scale projects. The imports of capital goods increased 22.5% y/y in September, signifying strong private investment activity. The exports increased 2.4% y/y in September, after declining two consecutive months.

Economy expected to grow 4.8% y/y in Q3/2012.

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