Malaysia's economy jumps in Q2 but slower growth expected

The country’s economy grew at its fastest annual pace in a year in the second quarter, boosted by expansion in domestic demand and resilient exports, but a slowdown in global growth is expected to pose a risk to the outlook for the rest of 2022.

Gross domestic product (GDP) in April-June surged 8.9 percent from a year earlier, Bank Negara said. This was faster than the 6.7 percent growth forecast in a Reuters poll and was up from the 5 percent annual rise in the previous quarter.