Malaysia economy grows 4.4 % in Q3, slowest pace in a year amid global slowdown

KUALA LUMPUR - Malaysia's economic growth eased in the third quarter to its slowest pace in a year amid declining exports and weaker factory output.

"The weak growth figure in every sector means BNM will need to cut rates to support growth," said Trinh Nguyen, senior economist at Natixis Asia Ltd. in Hong Kong, predicting the benchmark rate will be 50 basis points lower by the end of 2020. Inflation"is low and growth is decelerating, so the hurdles to a rate cut are low."

"We think the economy is likely to lose more steam in the quarters ahead," Alex Holmes, an economist with Capital Economics, wrote in a research note."Looser monetary policy is likely to be offset by headwinds from elsewhere. Tighter fiscal policy is a key headwind as the government aims to bring down the budget deficit."

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