KUALA LUMPUR: Malaysia’s gross domestic product (GDP) grew moderately at 4.3 per cent in 2019 from 4.7 per cent growth registered in 2018, according to Bank Negara Malaysia (BNM). However, she said the growth was fuelled by resilient private sector spending and continued expansion in the services and manufacturing sectors, despite the challenging external environment. “However, the growth was affected by supply disruptions in the commodity-related sector and contraction in public investment activity,” she said at a press conference after announcing Malaysia’s GDP growth for 2019, here today. “The economy was still growing driven by higher private sector spending (7.4 per cent) and private consumption (8.1 per cent) in Q4." She said the growth would have been higher without commodity disruptions for the quarter at 4.3 per cent and 4.7 per cent for the full year of 2019.

Source: New Strait Times February 12, 2020 05:48 UTC