Malaysia's solid exports and demand ensure faster first-quarter surge

Malaysia's solid exports and demand ensure faster first-quarter surge

On Friday, Malaysia’s supposed to report that its pace of economic surge picked up during the first quarter due to ascending exports as well as resilient domestic demand.

Obviously, an ascending economy appears to be pivotal for Prime Minister Najib Razak, widely expected to call early surveys this year amid worries that soaring living costs could reduce support for his long-ruling coalition.

The median prediction in a Reuters survey of 12 financial experts turned to be for 4.8% annual surge in January-March, up from 4.5% last quarter.

If the pace’s 4.8%, then January-March might be considered to be the best period since the second quarter of 2015.

Exports from Southeast Asia's number three economy went up strongly in early 2017, underpinned by China's push to rebuild inventory as well as higher commodity prices, as Standard Chartered stressed in a May 12 research note.

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