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2019-08-16 10:10:00

MALAYSIA'S GDP UP 4.9%

MALAYSIA'S GDP UP 4.9%

REUTERS - Malaysia's economy grew faster-than-expected in April-June and became the first Southeast Asian nation to report an acceleration in growth from the previous quarter, driven by stronger consumer spending and palm oil production.

Central bank data on Friday showed second quarter gross domestic product grew 4.9% year-on-year, beating the 4.8% forecast in a Reuters poll, and faster than the 4.5% pace in the first quarter.

Malaysia's pickup in growth contrasts with other…

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Tags: MALAYSIA, GDP, ECONOMY
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