Malaysia's Q2 GDP grows at slowest pace since 2009
Growth in the coming quarters will hinge on domestic demand resilience as exports remain tepid, say economists
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Kuala Lumpur
MALAYSIA'S growth in the coming quarters will hinge on private consumption resilience as exports remain tepid amid fragile external macro conditions, economists said after the second-quarter GDP (gross domestic product) expanded at the slowest pace since 2009.
The economy grew 4 per cent in the three months April to June from a year ago and most economists are projecting full-year growth of around the same magnitude from initial forecasts of 4.5 to 5 per cent as global markets were expected to recover.
