Malaysia out of recession as GDP climbs 4.8%
By Eileen Ng |
August 27, 2009, Thursday
|
Print Edition
Print Edition
GOVERNMENT spending helped lift Malaysia out of recession in the second quarter amid signs of stabilization in the world economy.
Gross domestic product expanded 4.8 percent from the first quarter following contractions in the previous two quarters - the technical definition of a recession - the central bank said yesterday.
The economy, battered by the downturn in global trade, was kick-started by government pump priming that included new spending of 67 billion ringgit (US$19 billion). Higher private consumption contributed as well, Bank Negara Malaysia said.
Other heavily export-dependent Asian economies including Japan, Singapore and Thailand also broke out of recession in the latest quarter after getting a lift from government stimulus.
The economy shrank 3.9 percent on year in the second quarter, an improvement from a 6.2 percent dive in the first quarter. GDP contracted 5.1 percent for the first half.
Gross domestic product expanded 4.8 percent from the first quarter following contractions in the previous two quarters - the technical definition of a recession - the central bank said yesterday.
The economy, battered by the downturn in global trade, was kick-started by government pump priming that included new spending of 67 billion ringgit (US$19 billion). Higher private consumption contributed as well, Bank Negara Malaysia said.
Other heavily export-dependent Asian economies including Japan, Singapore and Thailand also broke out of recession in the latest quarter after getting a lift from government stimulus.
The economy shrank 3.9 percent on year in the second quarter, an improvement from a 6.2 percent dive in the first quarter. GDP contracted 5.1 percent for the first half.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
