By BLOOMBERG
SINGAPORE • 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 (RM1.27 trillion) 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% in 2018 versus a 3.1% increase in Singapore, according to median estimates of economists surveyed by Bloomberg.
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