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Malaysia's growth drops to slowest pace in over 6 years

Reuters  |  KUALA LUMPUR 

KUALA LUMPUR (Reuters) - Malaysia had its slowest economic growth in 6-1/2 years in the first quarter, as the trading nation continues to feel the bite from low oil and commodity prices and tepid domestic demand.Growth from a year earlier was 4.2 percent in the first quarter, slightly beating a median forecast of 4.1 percent in a Reuters poll but down from 4.5 percent in the previous quarter.January-March became the fifth straight quarter of slowing growth. The latest pace was the lowest since the third quarter of 2009.Muhammad Ibrahim, governor of Bank Negara Malaysia, said growth is ...

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First Published: Fri, May 13 2016. 10:14 IST