Malaysia's economy grows 5.9% in 2Q

KUALA LUMPUR: The Malaysian economy performed slightly better than expected with 5.9% growth in the second quarter of 2024 (2Q24) from a year earlier, underpinned by strong domestic demand and a further expansion in exports.

An advanced reading of the country's 2Q gross domestic product had put the year-on-year (y-o-y) expansion at 5.8%, an estimate that was echoed by a poll of economists conducted by Reuters.