GDP expands quicker in Q4, shows resilience in the face of the RM’s weakness

Risk assessment: Analysts believe there are reasons to be cautious on the currency risks, given the ringgit

PETALING JAYA: The Malaysian economy grew 4.5% in the fourth quarter of 2016, expanding at its fastest pace in a year in a performance that underlines the country’s resilience in the face of the ringgit’s weakness and increased volatility in the global financial markets.

Growth during the quarter was supported by the strong showing in the manufacturing and services sectors, while steady private spending helped to mitigate a decline in Government spending.