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Economy

Malaysia GDP growth accelerates to 5.9% in Q2

Robust consumption leads to strongest expansion in six quarters

Malaysian shoppers, like this woman at a wet market in Kuala Lumpur, consumed at a robust pace to help Malaysia's economy expand in the second quarter of 2024.   © Reuters

KUALA LUMPUR -- Malaysia's economy in the April-June quarter grew 5.9% from a year earlier, accelerating from a 4.2% expansion during the previous three months, according to central bank data released on Friday.

The latest gross domestic product figure represents the strongest growth since the fourth quarter of 2022. It is almost in line with the 5.8% projected by 20 economists in a poll that Reuters conducted from Aug. 7 to Tuesday.

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