MALAYSIA
Economy Grew 9.9% in 1st Quarter: The economy, as measured by gross domestic product, grew 8.7% in 1994, and the central bank previously forecast growth this year at 8.9%. The robust growth came on the back of 15.2% growth in manufacturing and 14.5% growth in construction. Services and agriculture grew a more moderate 8.3% and 7.7%, respectively. Consumer prices rose 3.2% in the first quarter, a lower inflation rate than the 3.8% recorded for the fourth quarter of 1994. Analysts said the rapid growth may lead the government to try to slow consumption.
Start your day right
Sign up for Essential California for news, features and recommendations from the L.A. Times and beyond in your inbox six days a week.
You may occasionally receive promotional content from the Los Angeles Times.
