Malaysian Economy Expands By 5.6 Per Cent In Q3 2014

Malaysian Economy Expands By 5.6 Per Cent In Q3 2014

KUALA LUMPUR, Nov 14 (Bernama) — The Malaysian economy expanded by 5.6 per cent in the third quarter this year, higher than the 5.0 per cent achieved in the same quarter last year, driven by resilient domestic demand, said Bank Negara Malaysia (BNM).

The country achieved a GDP growth of 6.4 per cent in the second quarter of 2014 and 6.2 per cent registered in the first quarter of the year.

Governor Tan Sri Dr Zeti Akhtar Aziz said the positive growth was also recorded across all economic sectors.

The construction sector recorded 9.6 per cent growth, followed by services sector (6.1 per cent), manufacturing (5.3 per cent), agriculture (4.0 per cent) and mining (1.4 per cent).

For next year, BNM expects gross domestic product (GDP) growth of between 5.0 per cent and 6.0 per cent.

“If there is a moderation in exports, the GDP will be closer to 5.0 per cent but if it were to improve, the GDP will be higher and closer to 6.0 per cent,” she told a media briefing on Malaysia’s third quarter GDP performance here today.

— BERNAMA

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