According to it, the Malaysian economy expanded by 4.8 per cent in the fourth quarter of last year bringing the total growth for 2010 to 7.2 per cent.
This is an improvement over the -1.9 per cent contraction the economy suffered in 2009 following the global economic slowdown.
“Higher private and public sector spending contributed to the expansion in domestic demand,” said BNM in a statement to the media. “The slower growth in the global economy, however, had led to weaker growth in external demand.”
Well, it is now official and will be used for onward planning.
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