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Malaysia Q2 GDP slows to 4%

08-18-2011 10:46 BJT

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Malaysia's economic growth slowed to 4 percent in the second quarter this year - in line with expectations. Meanwhile, inflation came in slightly under forecasts, giving the central bank room to hold rates at its September meeting.

According to the nation's central bank governor, GDP growth slowed due to weaker external conditions and moderation in public sector spending. However, the governor expects growth to be stronger in the second half of the year - achieving at least 5 percent.

Economists say they expect the central bank to keep rates steady throughout the rest of the year because of global uncertainties and other threats to growth.

Editor:Li Wanran |Source: CNTV.CN

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