Malaysia's exports expand more than predicted

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Source: Bloomberg
© Scanpix/AFP

Malaysian exports developed at a faster pace than was previously estimated by economists as sales of energy products and sales of commodities surged. Foreign shipments climbed 15.8% reaching a record $20 bn on a yearly basis, after adding 16.6% in September. Economists surveyed by Bloomberg previously predicted growth of 7.3%. Nevertheless, analysts foreseen slowdown in country's growth in the nearest future due to strengthening debt crisis in Europe.

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Fri, 09 Dec 2011 08:38:54 GMT

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