The Business Times
business-time-50
Asean Business logo
SPONSORED BYUOB logo
SUBSCRIBERS

Malaysia’s economy expands 14.2% in Q3, exceeding economists’ forecasts

google-preferred-sourceAdd BT as a preferred source

Tan Ai Leng

Published Fri, Nov 11, 2022 · 12:20 PM
    • Growth was driven by strong domestic consumption and robust exports.
    • At a press conference on Friday (Nov 11), Bank Negara governor Nor Shamsiah Mohd Yunus said Malaysia's GDP growth shows it is not a country in crisis.
    • Growth was driven by strong domestic consumption and robust exports. PHOTO: REUTERS
    • At a press conference on Friday (Nov 11), Bank Negara governor Nor Shamsiah Mohd Yunus said Malaysia's GDP growth shows it is not a country in crisis. PHOTO: BANK NEGARA

    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.

    MalaysiaBank Negara Malaysia

    TRENDING NOW

    As household size is hardly growing, is there a need to build super-large landed homes?

    Think twice about rebuilding that old landed property into a super-big house to max out GFA

    Trading under the symbol SPCX, SpaceX has picked a handful of brokerage firms to distribute shares in the IPO to retail customers in the US.

    SpaceX’s US$1.75 trillion IPO: How retail investors, including those in Singapore, can buy shares

    The departure of food manufacturing operations from Singapore may not necessarily be reason for concern.

    Yeo’s, Tiger Beer and now Gardenia – flight of food manufacturing from Singapore might be just as planned

    Source of wealth establishment processes are typically the most time-intensive elements in onboarding ultra-high-net-worth clients.

    Battle for Asia’s ultra-rich: ‘Singapore can’t afford to keep losing clients to Dubai, Hong Kong’

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More