Economy grows at faster pace of 4.9% in Q2

  • Economy
  • Friday, 16 Aug 2019

According to Bank Negara Governor Datuk Nor Shamsiah Mohd Yunus, the April to June 2019 saw faster expansion in household spending and slightly higher private investment growth.

KUALA LUMPUR: The Malaysian economic growth has surpassed expectations, after a stronger gross domestic product (GDP) growth rate of 4.9% was announced for the second quarter of 2019 (2Q19).

Earlier, a Bloomberg survey of 22 economists expected a median GDP growth of 4.7%.

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