Singapore's lead over Malaysia's economy is shrinking
KUALA LUMPUR — Malaysia is inching closer to regaining its lead over Singapore's economy after trailing for a third-straight year.
KUALA LUMPUR — Malaysia is inching closer to regaining its lead over Singapore's economy after trailing for a third-straight year.
The nation's gross domestic product was US$314.5 billion (S$427.7 billion) in 2017, about US$9.4 billion less than Singapore's US$323.9 billion, according to data from the World Bank.
That deficit is set to shrink to just over US$2 billion next year as forecasts see Malaysia's economy expanding by about 5.5 per cent in 2018 versus a 3.1 per cent increase in Singapore, according to median estimates of economists surveyed by Bloomberg. BLOOMBERG
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