Bank Negara Malaysia reports slower economic growth


Bank Negara Malaysia today released an overview of economic and financial developments in the country in the first quarter of 2012. The report brought the news that economic growth has slowed to 4.7%, down from 5.2% in the last quarter of 2011.

While domestic demand remained firm, supported by both private-sector and public-sector economic activity, it was the export market that let the figures down. Exports "moderated amid weaker external demand", the central bank said.

"On the supply side, bot

To continue reading...