Malaysia’s Q2 GDP beats estimates

Zeti (3rd from right) at the briefing on Malaysia's second-quarter growth performance.

KUALA LUMPUR: Malaysia’s economic growth has once again trumped the market, with gross domestic product (GDP) accelerating faster than widely expected – and at the highest pace in six quarters – thanks to strong export growth and robust private domestic demand.

According to Bank Negara, Malaysia’s economy for the three months to June grew 6.4%. A Reuters poll of economists had expected the country’s GDP growth to slow to 5.8% in the second quarter of the year.