Malaysia’s economy grew 5% in 2015

Malaysia's economy grew 4.5% in the final quarter (Q4) of 2015, bringing the full year gross domestic product (GDP) growth to 5% as against 6% in 2014. The country had recorded GDP growth of 5.6% in the first quarter (Q1) of 2015 before slowing down at 4.9% in Q2 and 4.7% in Q3. A statement from the Statistics Department said Malaysia's economy grew 5% last year with a value-add of RM1,062.6 billion at constant prices and RM1,156.9 billion at current prices. Meanwhile, Bank Negara Malaysia in a statement said the Q4 growth was supported mainly by private sector demand, while on the supply side, it was underpinned by the major economic sectors. On a quarter-on-quarter seasonally-adjusted basis, the economy grew by 1.5% as compared to 0.7% in the previous quarter. – Bernama, February 18, 2016.]]>