The stellar quarterly growth was last seen in the second quarter of 2014. The latest growth number came on the back of robust private sector spending and continued strength in exports. The robust growth in the third quarter stemmed from expansion across all economic sectors. Private consumption expanded by 7.2 per cent and Muhammad attributed it to improving employment conditions and private sector wage growth. It will record between 3 and 4 per cent growth this year, depending on oil prices."

Source: New Strait Times November 17, 2017 03:56 UTC