Malaysia's fourth-quarter economic growth slumps to decade-low of 3.6%, below forecast
Reuters
Published Feb 11, 2020 11:07PM ET
Malaysia's fourth-quarter economic growth slumps to decade-low of 3.6%, below forecast
KUALA LUMPUR (Reuters) - Malaysia's economy grew 3.6% in the fourth quarter from a year earlier, the central bank said on Wednesday, the slowest pace in a decade due to lower output of palm oil, crude oil and natural gas, and a fall in exports amid the U.S.-China trade war.
The pace of expansion was well below the 4.2% rise forecast in a Reuters poll, and slower than 4.4% in the third quarter.
Full-year growth came in at 4.3%, below the government's forecast of 4.7% and the weakest since 2016.
Bank Negara Malaysia said a coronavirus outbreak in China would affect the country's 2020 growth, particularly in the first quarter.
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Written By: Reuters
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