SINGAPORE: Malaysia is inching closer to regaining its lead over Singapore’s economy after trailing for a third straight year.
The nation’s gross domestic product was $314.5 billion in 2017, about $9.4 billion less than Singapore’s $323.9 billion, according to data from the World Bank.
That deficit is set to shrink to just over $2 billion next year as forecasts see Malaysia’s economy expanding by about 5.5 percent in 2018 versus a 3.1 percent increase in Singapore, according to median
estimates of economists surveyed by Bloomberg. - Bloomberg
Already a subscriber? Log in.
Limited time offer:
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!