Malaysian Economy Picks Up in Q4

Malaysia’s economy surprisingly picked up speed in the fourth quarter on strong construction and manufacturing activity, boosting full-year growth to its fastest in four years.

Gross domestic product for the fourth quarter grew 5.8 percent, exceeding the median forecast of 5 percent in a Reuters poll, and picking up from 5.6 percent in the third quarter.

The stronger-than-expected momentum lifted full-year growth in 2014 to 6.0 percent, the fastest pace since 2010, and beating economists’ forecast of 5.8 percent.


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