Malaysian economic growth beats forecasts

Bank Negara Malaysia Governor Datuk Nor Shamsiah Mohd Yunus at the press conference yesterday with Statistics Department chief statistician Datuk Seri Dr Mohd Uzir Mahidin. - FAIHAN GHANI/The Star.

KUALA LUMPUR: Malaysia’s economic growth in the fourth quarter of 2018 (4Q18) has surpassed expectations, as the country’s gross domestic product (GDP) grew 4.7% year-on-year (y-o-y).

This marks the economy’s first acceleration in growth over the last one year, following the continued slowdown in GDP growth after 3Q17 where it registered a 6.2% growth. In 4Q17, it grew by 5.9%.