Malaysian economy grows 5.8pc in Q4

KUALA LUMPUR: Malaysia's economy grew a faster-than-expected 5.8 percent in the fourth quarter from a year earlier, picking up from 5.6 percent growth in the third quarter, even as falling oil prices and sluggish global demand hit exports.

Full-year growth in 2014 was 6.0 percent, the central bank said on Thursday, up from the 4.7 percent in 2013.

The central bank said the current account surplus narrowed to 6.1 billion ringgit ($1.68 billion) in the quarter from 7.6 billion ringgit in the third quarter of 2014.

Economists in a Reuters poll expected the economy in the fourth quarter to grow 5 percent from a year earlier, and expand 5.8 percent for the full year.