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Malaysia GDP:  Surprises to the Upside.

BNM
  • Malaysia GDP rose 5.9% in the second quarter from a year earlier.
  • Bank Negara’s data release revealing that the economy is expanding at the upper end of the bank’s forecast of 4 -5% this year.
  • Semiconductor and AI driven data center investment remains strong as well as inbound tourism.
  • Agriculture, construction and Services were all ahead of expectations.
  • Whilst government expenditure declined, consumer expenditures and investment expanded.
  • This is the second time this year GDP has exceeded expectations.
  • Malaysia’s GDP numbers are further evidence that Southeast Asian nations growth outlook appears to be able to weather the global uncertainties weighing down their Northeast Asian neighbors.

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