Malaysia GDP growth surprises in Q2
5.8% expansion puts country on track to exceed 5% for next two years
Malaysia’s economic growth beat expectations in the second quarter, growing 5.8% YOY, above a forecast of 5.4% from Bloomberg.
The growth was fueled by construction, which grew 8.3%, and manufacturing which expanded at a 6% pace.
The strong showing puts Malaysia on track to see GDP growth exceed 5% for this year and the next two years, according to HIS Markit.