Malaysia’s GDP Beat Expectations in Q2 2019
Donald Hanna, Chief Economist, CIMB Group
Malaysia’s second quarter GDP posted economic growth of 4.9 percent, beating average analyst expectations of 4.6%. Bank Negara governor Datuk Nor Shamsiah Mohd Yunus said that all economic sectors have expanded and the strong growth was on the back of higher household spending and private investment. The central bank still maintains its 2019 GDP projection of 4.3 to 4.8 percent for the nation, despite slowing global growth.
We speak to Donald Hanna, Chief Economist with CIMB Group for his analysis on what this says about Malaysia’s economy
Presented by: Lyn Mak, Wong Shou Ning, Sharidz Abdullah