Malaysia’s economy expanded by 5% in 2015, which was slightly faster than the economists’ forecast of a growth of 4.9%, underpinned by the manufacturing sector.
While the growth as measured by the gross domestic product (GDP) was faster than expected, the country grew at a slower pace compared with 6% growth in 2014.
The Statistics Department said on Thursday that in the fourth quarter (Q4, 2015), Malaysia’s GDP expanded at a slower pace of 4.5% compared to 4.7% in the third quarter.
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While the growth as measured by the gross domestic product (GDP) was faster than expected, the country grew at a slower pace compared with 6% growth in 2014.
The Statistics Department said on Thursday that in the fourth quarter (Q4, 2015), Malaysia’s GDP expanded at a slower pace of 4.5% compared to 4.7% in the third quarter.
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