Economy grows at faster pace of 4.9% in Q2

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%.