Malaysia's June exports rebound, but Q2 growth still seen as weak

Kuala Lumpur

MALAYSIA'S June exports grew 5 per cent or RM3 billion (S$1.06 billion) to RM64.3 billion year-on-year, but notwithstanding the strong rebound from the previous months, economists expect second quarter GDP growth to moderate to around 4 per cent.

As exports contracted 7.8 per cent from April to May, many had expected a continuing contraction in June, with the consensus forecast 2.2 per cent. June's performance marked the fastest gr…