Malaysia’s GDP growth likely slowed to 5.3 per cent in Q3, easing from 18-month high

[KUALA LUMPUR] Malaysia’s economy is projected to have expanded by 5.3 per cent in the third quarter from a year earlier, according to preliminary data released on Monday (Oct 21).

The growth forecast, although higher than the median prediction of 5.1 per cent in a Bloomberg survey, signals a slowdown from the 5.9 per cent pace recorded in Q2 – the fastest expansion in 18 months.

The deceleration comes as household spending, exports and investments have moderated. The final GDP figures will be unveiled on Nov 15.