Friday, February 18, 2011

2010: Malaysia 4Q10 GDP at 4.8%, full year at 7.2%

PETALING JAYA: The Malaysian economy grew 4.8% in the fourth quarter of 2010, boosted by higher private and public sector spending.

“The slower growth in the global economy, however, had led to weaker growth in external demand,” Bank Negara said today in a statement.

“On the supply side, all economic sectors, with the exception of the primary sectors, continued to expand further during the quarter," it said.

For the year as a whole, the Malaysian economy registered a growth of 7.2% (2009:-1.7%).

*Taken from NST Online

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