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Quiz 3
On the other hand, Malaysian economy grew 4.4% in the third quarter of 2019. The
growth matches the market expectation despite it was the weakest GDP growth since the
third quarter last year which following a 4.9% growth rate in the previous three-month
period. Growth was mainly driven by the rises of domestic demand (3.5%) particularly the
private consumption.
On the supply side, growth was mainly led by the services sector which rose 5.9%
which supported by the wholesale and retail trade; information and communication;
finance and insurance; and other subsectors. The manufacturing sector expanded softer by
3.6% supported by E&E; petroleum, chemical and other subsectors. The agriculture sector
expanded moderately by 3.7% even the expansion in oil palm and rubber due to the big
decline in forestry and logging subsector. The mining declined 4.3% which dragged down
by the lower production of crude oil and condensate. The construction shrank 1.5%
weighed down by the residential and nonresidential segments.