Bank Negara Malaysia revealed on August 15 that the Malaysian economy grew at an annual rate of 5.4% in the second quarter of 2012, 50 basis points higher than in Q1 and surpassing the 4%-5% level forecast in the central bank's annual report, which was published in March.
The growth was driven by strong domestic demand, which rose by 13.8%, an increase of 4.1 percentage points on the first quarter. Similarly, private consumption rose by 8.8%, "supported by firm labour market conditions, robust i
- James Bullard on 2% rates, tariffs and Fed leadership
- Turkish central bank raises overnight rates in bid to stop lira’s fall
- Next financial crisis “will be brewing” in shadow banking – Bullard
- Policies must change to stop emerging markets crisis, analysts say
- Podcast: David Hendry and John Muellbauer on empirical macro