Business

Malaysia's economy grows 5.9% in 2Q

Published on 16 Aug 2024 5:55:03 PM

Malaysia's economy expanded at its fastest rate in 18 months in the second quarter helped by stronger household spending, exports and investment, with the central bank forecasting full-year growth to come in near the upper end of its forecast range.

Gross domestic product grew 5.9% in the April-to-June period, accelerating from 4.2% in the first quarter.

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