Malaysia, one of bright economic engines in the Asia pacific is showing signs of weakness. Second quarter GDP was below estimates. The Malaysian economy only grew by 4.3 %, which was mostly lead by government spending. Estimated projected growth was near 4.45%. Exports suffered the biggest decline at 5.2%. Tapering talk in the U.S. is having negative effects on the country’s currency, the ringgit, which is at a three low against the dollar. Malaysia is a major exporter of commodities to Europe and China, whose arealso facing economic headwinds. Weaknesses in those economies are obviouscausing a deceleration in the price of commodities. The central bank has cut the full-year growth of the country. (Image source: Asianinfo)