Robust GDP seen to sustain in 3Q

PETALING JAYA: Malaysia is to experience robust gross domestic product (GDP) growth in the third quarter of this year (3Q22), partly owing to the low base of 3Q21 where GDP contracted by 4.5% year-on-year (y-o-y).

Socio-Economic Research Centre (SERC) executive director Lee Heng Guie said a GDP growth of between 8% and 9% for 3Q22 is estimated, similar to the GDP growth recorded in the previous quarter.