Malaysia's economy to grow further in H2/2013

By bne IntelliNews May 21, 2013

Malaysia's economy is expected to grow at a faster rate during the second half of this year, subsequent to the reasonable performance during the first quarter of the year. As reported by Bernama, the Maybank President and Chief Executive Officer Datuk Seri Abdul Wahid Omar stated that economic growth during the period is likely to depend on elimination of the political uncertainty and the government's strong economic policy.

The economy accelerated 4.1% y/y during the first quarter of the year, as compared to the growth of 6.5% y/y posted during the fourth quarter of last year. The new government’s economic plans are expected to be the country's economic driver.

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