PETALING JAYA: The country’s gross domestic product (GDP) is projected to grow by 5.5% to 5.6% in the second quarter (Q2) from 5.4% in the first quarter of this year, a sign that Malaysia’s economy is gaining momentum under the new Pakatan Harapan government’s economic policy.
Economists are bullish on Q2 after the economy moderated to its slowest pace in four quarters as private investment decelerates, while spending continues to decline. Bank Negara is set to release the Q2 GDP results by August.
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