Malaysia’s economy expands 14.2% in Q3, exceeding economists’ forecasts
MALAYSIA’S economy expanded 14.2 per cent year on year (yoy) in the third quarter of this year, supported by robust domestic demand and exports as well as firm recovery in the labour market, said Bank Negara governor Nor Shamsiah Mohd Yunus.
The figures, released by the central bank on Friday (Nov 11), exceeded the majority of forecasts by analysts, which ranged between 10 per cent and 13.6 per cent.
The 14.2 per cent figure is also an improvement from the 8.9 per cent growth rate for the second quarter of this year. Quarter on quarter, Malaysia’s GDP rose 1.9 per cent.
KEYWORDS IN THIS ARTICLE
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Asean
Philippines’ April inflation comes in slower than expected at 3.8%
VinFast’s EV ambitions get a reality check as shares plunge 65%
Shell in talks to sell Malaysia fuel stations to Saudi Aramco: sources
Indonesia’s Q1 GDP growth hits 5.11%, surpassing expectations
Top US Treasury official to travel to Singapore, Malaysia to discuss sanctions
Microsoft bets big on South-east Asia, pledges billions in AI and cloud investments