By Abigail Wen Yi Ng
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 $314.5 billion in 2017, about $9.4 billion less than Singapore’s $323.9 billion, according to data from the World Bank. That deficit is set to shrink to just over $2 billion next year as forecasts see Malaysia’s economy expanding by about 5.5 percent in 2018 versus a 3.1 percent increase in Singapore, according to median estimates of economists surveyed by Bloomberg.
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