KUALA LUMPUR (Reuters) - Malaysia's economy expanded 4.2 percent in January-March compared with a year earlier, its slowest growth for a quarter since 2009 as exports and domestic demand were weak.
A Reuters poll had forecast 4.1 percent annual growth in the first quarter, and the pace in 2015's last three months was 4.5 percent.
The central bank, which announced the latest growth rate on Friday, also said the current account surplus narrowed to 5 billion ringgit ($1.24 billion) in the first three months of this year, lower than 11.4 billion ringgit in the previous quarter.
In January, the government revised its 2016 growth projection to 4.0-4.5 percent from 4.0-5.0 percent.
($1 = 4.0310 ringgit)
(Reporting by Rozanna Latiff; Writing by Praveen Menon; Editing by Richard Borsuk)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
