2Q GDP growth likely to surpass 6%

HLIB Research said 2Q24 GDP growth was expected to accelerate to 6.1% on the back of stronger growth across most sectors.

PETALING JAYA: Malaysia’s economic growth is likely to exceed 6% for the second quarter of this year (2Q24), surpassing the government’s initial estimate, according to several research houses.

Hong Leong Investment Bank (HLIB) Research put its 2Q24 gross domestic product (GDP) growth forecast at 6.1%, while Maybank Investment Bank (MaybankIB) Research’s projection stands at 6.8%.