RHB IB raises Malaysia's 2022 GDP forecast to 6%

KUALA LUMPUR: RHB Investment Bank Bhd (RHB IB) has revised upwards Malaysia’s 2022 gross domestic product (GDP) forecast to six per cent year-on-year (y-o-y) from 5.3 per cent y-o-y previously due to stronger-than-anticipated inventory build-up and net exports in the second quarter 2022 (Q2 2022).

However, the 2022 GDP forecast is still lower than Bloomberg’s consensus estimate of 6.6 per cent.