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GDP growth best in almost four years ..BY: By Maisara Ismail; Annie Freeda Cruez ..LD: KUALA LUMPUR, Wed. - Malaysia notched up a much higher-than-expected 8.0 per cent growth in gross domestic product (GDP) growth for the second quarter of this year, the.
(From New Straits Times (Malaysia))
KUALA LUMPUR, Wed. - Malaysia notched up a much higher-than-expected 8.0 per cent growth in gross domestic product (GDP) growth for the second quarter of this year, the best performance in almost four years.
The second-quarter figure, announced by Bank Negara Malaysia yesterday, came in higher than the 7.6 per cent growth rate posted in the first quarter, as private spending strengthened and export demand for the country's products remained strong.
Twelve economists polled by the Business Times had expected growth only to equal the first-quarter performance.
Prime Minister Datuk Seri Abdullah Ahmad Badawi was happy with the news. "The …
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