Malaysian economy grows at slowest pace in nearly 2yrs

KUALA LUMPUR: Malaysia’s economy grew at its slowest pace in nearly two years in the second quarter, the government said on Thursday, the latest negative sign for policy-makers faced with a plummeting currency and political turmoil.

Second-quarter growth was 4.9 percent, down from 6.5 percent in the same period last year, as both exports and private consumption weakened, the central bank said.