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Malaysia's growth drops to slowest pace in nearly seven years

Reuters  |  KUALA LUMPUR 

By Rozanna Latiff and Emily ChowKUALA LUMPUR (Reuters) - Malaysia recorded its slowest economic growth in nearly seven years in the first quarter, as weak exports and tepid domestic demand continue to hurt the trade-dependent nation. In January-March, the economy grew 4.2 percent from a year earlier, slightly beating the 4.1 percent median forecast in a Reuters poll but down from 4.5 percent in the previous quarter.The quarter was the fifth straight of declining growth and also had the slowest expansion since the third quarter of 2009.Muhammad Ibrahim, the newly-appointed governor of Bank ...

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First Published: Fri, May 13 2016. 12:51 IST