Malaysia’s economy to pick in 2H on higher oil prices

Haha ha haha.

Dateline 2019-04-15, New Straits Times:

Malaysia’s economic growth is expected to bounce back in the second half of the year after most likely hitting its lowest level in nearly three years during thr first quarter, economists said.

They said the economy may have posted the slowest quarterly expansion since the second quarter of 2016 but with the recovery in oil price, a significant pick up is expected from July till December this year.

The oil price had gained around 30 per cent in the first quarter of this year, with Brent posting its best quarterly performance in a decade since the second quarter of 2009.

Economists too have upgraded their forecast to a median of US$68.25 a barrel from US$67 in just about less than a month, according to Bloomberg’s survey.

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