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Trade war

Malaysia's economy slows as US-China trade war hits exports

GDP expanded 4.5% in first quarter, while growing tensions darken outlook

Malaysian Prime Minister Mahathir Mohamad, left, meets Chinese President Xi Jinping in Beijing in April. Malaysia last month revived the 640 km East Coast Rail Link deal with China, a multibillion dollar project that will help contribute to investment growth.   © Reuters

SINGAPORE -- Malaysia's economy slowed in the first quarter of 2019, as ongoing U.S.-China trade tensions took their toll on the country's exports.

The 4.5% expansion in gross domestic product announced on Thursday narrowly beat economist expectations, but was slower than the 4.7% in the previous three-month period. The escalating trade tensions between the world's two largest economies is expected to weigh on the Southeast Asian country's economic outlook.

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