MALAYSIA’s economy grew at the fastest pace in more than three years in the third quarter, supported by resilient domestic demand and a manufacturing sector that’s benefiting from booming global trade. The government is projecting growth of 5 per cent to 5.5 per cent in 2018. The central bank may be among the first in Asia to begin tightening monetary policy as growth and inflation accelerate. Consumer prices rose at the fastest pace in five months of 4.3 per cent in September. “Favorable economic prospects accord greater flexibility to review the degree of monetary accommodation,” the central bank said in the GDP statement on Friday.

Source: New Strait Times November 17, 2017 07:30 UTC