Malaysia GDP growth surprises in Q2

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View of Kuala Lumpur. Photo: AFP

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.

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