Malaysia's economy grew faster than expected in the first quarter supported...
KUALA LUMPUR - Malaysia’s economy grew faster than expected in the first quarter supported by a recovery in the agriculture sector, but weakening global demand and the U.S.-China trade war are seen raising risks for Southeast Asia’s third-largest economy.
The slowing growth numbers, which came just a week after the central bank cut interest rates to boost the trade-reliant economy, are sure to weigh on Prime Minister Mahathir Mohamad’s administration that just completed a year in power. Malaysia’s exports contracted in February and March and is likely to face sustained pressure as the United States and China pursue another round of tariff increases. Malaysia is one of the most vulnerable countries to the U.S.-China trade war, being a large exporter of intermediary goods to China.UOB economist Julia Goh said a significant decline in public and private investment growth in the first quarter also weighed on Malaysia’s growth prospects.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Malaysia's first quarter GDP growth seen cooling on weak demand, exportsMalaysia's economic growth pace likely slowed in the first quarter, due to ...
और पढो »
Bank of France estimates second quarter French GDP growth at 0.3 percentThe French economy should grow 0.3 percent in the second quarter, the Bank of Fr...
और पढो »
China's central bank adviser says U.S. tariffs could cut GDP growth by 0.3 percentage pointsPlans by Washington to hike tariffs on $200 billion of Chinese goods could cut C...
और पढो »
Russia diversifies state reserves due to economic, political risks: central bankRussia is diversifying its state foreign currency reserves more than other count...
और पढो »
Germany returns to growth in first quarter, helped by construction, consumptionThe German economy returned to growth in the first quarter, helped by higher hou...
और पढो »
China's JD reports slowest revenue growth on record in first quarterChinese e-commerce firm JD.com's revenues grew at their slowest pace on rec...
और पढो »
Tencent books record, estimate-busting first-quarter profit, boosted by investment gainsTencent Holdings Ltd posted record quarterly profit on Wednesday, smashing marke...
और पढो »
China's retail sales growth falls to 16-year low as trade war risks riseChina on Wednesday reported surprisingly weaker growth in retail sales and indus...
और पढो »
China's retail sales growth slumps to 16-year low as trade war risks riseChina reported surprisingly weaker growth in retail sales and industrial output ...
और पढो »
China's solid home price growth faces bubble, trade war risksNew home prices in China grew at a solid pace in April as Beijing sought to boos...
और पढो »
Indonesia central bank seen holding rate as U.S.-China trade spat hits rupiah: Reuters pollIndonesia's central bank on Thursday will keep its main interest rate uncha...
और पढो »