Malaysia’s economic growth misses estimate as China weighs

News Snapshot:

KUALA LUMPUR - Malaysia’s economy grew at a slower-than-estimated pace in the fourth quarter as exports to China fell, signalling that a firmer recovery is taking longer than expected. Gross domestic product grew 3.4 per cent in the October-December period from a year ago, according to advance estimates released by Malaysia’s Department of Statistics on Jan 19. That is lower than the 4.1 per cent median estimate in a Bloomberg survey. A slowdown in construction and stagnant manufacturing activity weighed on the economy, which grew 3.8 per cent all of last year, below the central bank’s estimate of about 4...