Malaysia growth rate picks up

11/17/2013 | Bloomberg Businessweek

Malaysia's economy grew at a 5% annual pace in the third quarter, picking up from 4.4% in the preceding quarter as exports resumed growth in the latest period after a brief downturn. However, looking ahead, "external demand is not going to be that strong [and] domestic demand seems to be slowing because of fiscal consolidation and the government policy to try and reduce investment spending," said Euben Paracuelles, a Singapore-based economist at Nomura Holdings.

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