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Strong rebound for the Malaysian economy

bank-negara-malaysiaThe Malaysian economy has rebounded back last year after a massive slowdown. It has surged strongly up by 7.2 per cent in the year 2010.

It has managed to recover from a deep recession and a global economic crisis. This fact has been revealed by Bank Negara Malaysia. The economists have informed that, this growth has been the fastest growth pace Malaysia has enjoyed since 2000. They have also added that the growth figure was above the expected level.

During the period of recession, the Malaysian economy contracted by 1.7 per cent. It was badly affected by the global economic crisis in the year 2009.

Bank Negara Malaysia has released the details of economic performance of the country yesterday. It has reported that there has been a slowdown in economic activities between October and December. It was found at a rate of 4.8 per cent during this period against 10.1 per cent in the first quarter of the financial year. The growth pace was 8.9 per cent in the second quarter of the financial year and 5.3 per cent in the third quarter.