Malaysia’s economic performance does not make headlines like it used to, but that does not mean that the economy is not still chugging along nicely.
In fact, with the exception of difficult periods following major shocks such as the 2008 Global Financial Crisis, Malaysian GDP growth has performed well over the last decade, averaging about 5% since late 2010. The latest data for the third quarter showed GDP growth of 5.2%. These rates, while not as spectacular as China’s, are nonetheless extremely encouraging when compared to the developed nations of Europe and North America. Furthermore, domestic demand (a key strength in a world of insufficient demand) grew 11.4% from July to September of this year, mitigating what would have been a far worse slowdown resulting from global difficulties.
looking beyond borders 