Malaysia: The Malaysian economy
continued to power strongly at an annualised 5.8 per cent in the second quarter
of 2017.
The 5.8 per cent was the fastest
quarterly growth since the first quarter of 2015.
Beating market expectations, the
gross domestic product overall recorded a 5.7 per cent growth for the first
half of the year.
Bank Negara Malaysia governor Datuk
Seri Muhammad Ibrahim announced that the full-year growth will be above 4.8 per
cent.
Minister of Finance Datuk Sri Najib
Razak will announce the revised growth projections during the tabling of Budget
2018.
"Growth prospects will continue
to be driven by domestic demand with some lift from exports," Muhammad
told a media briefing today.
He was referring to the steady wage
and employment growth, ongoing implementation of infrastructure projects and
continued external demand.
The strong and resilient fundamentals
of the economy will enable Malaysia to manage the current challenges.
On the second quarter, he said all
the economic sectors, led by the services and manufacturing sectors, continued
to expand between April and June.
Private consumption rose by 7.1 per
cent supported by improvements in labour market conditions.
Private investments also rose by 7.4
per cent during the period.
Inflation moderated to 4 per cent
during the second quarter and will decline further in line with lower oil
prices.
"But we need to watch the oil
prices," he added.
LIVE Stock Trading folio :
JOHAN; REV; AEMULUS; HENGYUAN; MLAB
LIVE Stock Trading SIGNALS With : www.mmfsolutions.sg/
To get More Updates:
Stock signals, Stock tips, stock Picks, Stocktips Malaysia, bursa malaysia stock signals, klse daily stock signals, KLSE stock picks, KLSE Stock Recommendations, KLSE stock signals, stock market news, stock market update, Stock Picks Malaysia, Stock trading picks,& Stock trading strategy
For More Visit Us: http://www.mmfsolutions.sg Tel- +65-3158-2180 Email- info@mmfsolution.sg
No comments:
Post a Comment