Economic Indicators

Malaysia Q3 GDP up 14.2% y/y, beats forecast

2022.11.10 23:16

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© Reuters. FILE PHOTO: eople wearing protective masks walk at a park, amid the coronavirus disease (COVID-19) pandemic, in Kuala Lumpur, Malaysia?September 27, 2021. REUTERS/Lim Huey Teng

KUALA LUMPUR (Reuters) – Malaysia’s economy grew 14.2% from a year earlier in the third quarter, boosted by rising domestic demand and robust exports, Bank Negara Malaysia Governor Nor Shamsiah Mohd Yunus said on Friday.

Economists surveyed by Reuters had expected gross domestic product to jump 11.7% in the July-September period, accelerating from the 8.9% annual growth seen in the second quarter.

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