KUALA LUMPUR (Reuters) - Malaysia’s economic growth is expected to have slowed slightly in the second quarter as weaker private consumption partly offset a boost from resilient manufacturing and trade, a Reuters poll showed.
The economy likely grew 5.4 percent in April-June from the same period a year earlier, cooling from a 5.6 percent pace in the first quarter, according to the median forecast from 12 economists surveyed.
Forecasts ranged from 4.9 to 6.0 percent.
Malaysia’s economy grew faster than expected in January-March as solid exports and strong domestic demand produced the fastest growth in two years.
The central bank expects full-year growth to come in at 4.3-4.8 percent, up from 4.2 percent in 2016, which was the lowest rate since contracting in 2009.
Reporting by Joseph Sipalan; Editing by Kim Coghill
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