February 12, 2020 / 4:04 AM / 9 days ago

Malaysia's Q4 economic growth slumps to decade-low of 3.6%, below forecast

KUALA LUMPUR, Feb 12 (Reuters) - Malaysia’s economy grew 3.6% in the fourth quarter from a year earlier, the central bank said on Wednesday, the slowest pace in a decade due to lower output of palm oil, crude oil and natural gas, and a fall in exports amid the U.S.-China trade war.

The pace of expansion was well below the 4.2% rise forecast in a Reuters poll, and slower than 4.4% in the third quarter.

Full-year growth came in at 4.3%, below the government’s forecast of 4.7% and the weakest since 2016.

Bank Negara Malaysia said a coronavirus outbreak in China would affect the country’s 2020 growth, particularly in the first quarter. (Reporting by Joseph Sipalan; Editing by Kim Coghill)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below