Gravity-defying boom

SWEET SPOT: Malaysia’s economy helped by strong growth

KUALA LUMPUR: MALAYSIA has received the thumbs up from foreign analysts and media on how it manages the economy.

Analysts, both local and foreign were stunned on Wednesday following Bank Negara’s announcement that the country was growing at a much faster pace than anticipated.

The central bank backed this, when it announced a 5.4 per cent growth in economic activities between April and June, spurred by the investments in both private and public sector spending.

For the first half of the year, the economy clocked a 5.1 per cent growth.

The strong results, at a time when most economies in the world are suffering, immediately caught the eye of the foreign media.

In recent days, Malaysia’s economy has been described to be in a “sweet spot” helped by strong growth and a subdued inflation trajectory.

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