In 2013, the global economy expanded at a modest pace amid uneven growth environment across economies. The Malaysian economy, benefitting from earlier reform and initiatives introduced by the Government, grew by 4.7% in 2013 compared with 5.6% in 2012. Manufacturing and services sectors continued to contribute significantly to the economy. However, the continued economic weakness in the advanced countries, slower- than- expected growth in regional economies have contributed in the lower prices of Malaysian key Commodities and subsequently resulted in a marked decline in Malaysia’s exports.