Malaysia's economic growth slows to 4.4% in third-quarter year-on-year, in line with forecast




Malaysia's economic growth slows to 4.4% in third-quarter year-on-year, in line with forecast


KUALA LUMPUR (Reuters) - Malaysia's economy grew 4.4% in the third quarter from a year earlier, the central bank said on Friday, the slowest in a year on weaker exports amid the U.S.-China trade war.

The pace of expansion matched the 4.4% rise forecast in a Reuters poll, but was much slower than the 4.9% pace in the second quarter.

Malaysia was the only Southeast Asian nation to record an acceleration in economic growth in the April-June quarter from the previous quarter.

Bank Negara Malaysia (BNM) maintained its full-year growth target of 4.3%-4.8%. The government has projected growth of 4.7%.

The country's current account surplus fell to 11.5 billion ringgit ($2.78 billion) in the third quarter, from the 14.3 billion ringgit in the previous period.





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