KUALA LUMPUR, May 17 (Bernama) -- Malaysia's economy grew by 5.4 per cent in the first quarter of 2018 (1Q 2018), underpinned by continued expansion in private sector activity and strong support from net exports.
In a statement today, Bank Negara Malaysia (BNM) said on a quarter-on-quarter seasonally-adjusted basis, the economy grew by 1.4 per cent (4Q 2017: 1.0 per cent).
It said headline inflation for the quarter under review declined to 1.8 per cent (4Q 2017: 3.5 per cent). It reflected the smaller contribution of domestic fuel prices and due to the smaller increase in global oil prices compared to the previous quarter and a stronger ringgit exchange rate in 1Q 2018.
BNM said domestic financial market conditions remained orderly despite heightened volatility arising from external developments.
"Domestic financial institutions demonstrated resilience with healthy asset quality, sound profitability and ample liquidity.....