{"id":47538,"date":"2022-08-12T16:58:57","date_gmt":"2022-08-12T08:58:57","guid":{"rendered":"https:\/\/www.iqiglobal.com\/blog\/?p=47538"},"modified":"2026-01-09T16:09:01","modified_gmt":"2026-01-09T08:09:01","slug":"malaysias-gdp-grew-in-second-quarter","status":"publish","type":"post","link":"https:\/\/iqiglobal.com\/blog\/malaysias-gdp-grew-in-second-quarter\/","title":{"rendered":"Malaysia’s GDP grew by 8.9% in the second quarter, at its fastest rate in a year"},"content":{"rendered":"\n

Malaysia’s economy expanded substantially in a year, supported by a rise in consumer spending that helped services and manufacturing rebound. This gave the central bank more room to concentrate on combating inflation.<\/p>\n

According to Bank Negara Malaysia (BNM), gross domestic product expanded 8.9% in April-June from a year ago, beating the 7% median estimate in a Bloomberg survey. Output rose 3.5% from the first quarter against a median estimate of a 1% growth.<\/p>\n

The resource-rich economy is gaining traction on pent-up demand from the easing of mobility restrictions, rising employment and firmer prices for the country’s commodity exports.<\/p>\n

$\"Malaysia$ <\/p>\n

Nor Shamsiah Mohd Yunus, the central bank Governor said the government now expects full-year GDP growth at the upper end of its 5.3%-6.3% forecast.<\/p>\n

At the same time, headline inflation will probably average closer to the top end of a 2.2%-3.2% range, the governor said, adding that monetary policy continues to be accommodative after raising the policy rate by a total of 50 basis points since May.<\/p>\n

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