Malaysia GDP Growth Likely Eased To 4.2% In 2Q - RHB

10 Aug 2012          Malaysia GDP Growth Likely Eased To 4.2% In 2Q - RHB

Malaysia's real GDP growth likely decelerated in 2Q to 4.2% from 4.7% in the previous quarter, dragged by weaker exports amid tepid global demand, says RHB Research.  It adds "domestic demand is likely to have moderated during the quarter, after expanding at a strong pace in the 1Q and in 2H 2011, due to softer consumer spending."  However, strong private investment helped arrest sharp economic slippage. The house tips local growth prospects are likely to brighten towards end-2012 amid hopes for a global economic recovery.