Malaysia’s GDP growth in Q2 higher than expectation
Malaysia’s gross domestic product (GDP) grew 4.9 percent year-on-year in the second quarter of 2019, compared to the 4.5 percent growth recorded in the first quarter of this year.
(Source: https://www.straitstimes.com)Kuala Lumpur (VNA) - Malaysia’s gross domestic product (GDP) grew 4.9 percent year-on-year in the second quarter of 2019, compared to the 4.5 percent growth recorded in the first quarter of this year.
Speaking to the local media on August 16, Bank Negara Malaysia Governor Nor Shamsiah Mohd Yunus said the positive growth was supported by strong performance by the majority of sectors.
The mining sector expanded 2.9 percent year on year, while services and construction grew 6.1 percent and 4.3 percent, respectively.
However, the agricultural sector saw lower rise at 4.2 percent compared to 5.6 percent of the second quarter in 2018.
Household spending and private investment in the second quarter of 2019 were higher than expectation. Together with higher net exports, these were important factors helping the country’s GDP expanded strongly in the period.
Moving forward, Nor Shamsiah said overall, the baseline projection is for the Malaysian economy to grow between 4.3 percent and 4.8 percent in 2019. But she added that the economy is still likely to continue to be affected by slower global growth amid ongoing trade tensions.-VNA
You should also see
InfographicQuang An listed among the coolest streets in the world
Quang An Street in Tay Ho district, Hanoi, has been listed among the 30 coolest streets in the world by the British travel magazine Time Out.
See more
World
India’s trade deficit with ASEAN widens
India's trade deficit with the Association of Southeast Asian Nations (ASEAN) has more than doubled since the implementation of the ASEAN-India Trade in Goods Agreement (AITIGA) in 2010.
World
Malaysia to cut down on petrol subsidies this year
Malaysian Economy Minister Rafizi Ramli has announced that the country will reduce petrol subsidies this year to reduce its fiscal deficit.
World
El Nino thins the only glacier in Indonesia: BMKG
Global warming has played a key role in gradually thinning the glaciers atop Puncak Jaya, Papua, Indonesia, some of the few remaining tropical glaciers in the world, according to Indonesian Agency for Meteorology, Climatology, and Geophysics (BMKG).
World
Thailand welcomes over 10 mln foreign arrivals so far this year
More than 10 million foreign tourists have visited Thailand so far this year, bringing in more than 500 billion THB (13.5 billion USD), the country’s Tourism and Sports Ministry has reported.
World
Thailand's Maha Songkran World Water Festival welcomes over 784,000 festival-goers
The Tourism Authority of Thailand (TAT) claims that the “Maha Songkran World Water Festival 2024”, held at Sanam Luang and Ratchadamnoen Avenue from April 11-15 is a great success with more than 784,000 participants.
