2Q GDP growth likely to miss estimates

Socio-Economic Research Centre's Lee Heng Guie said he anticipates 2Q GDP growth to come in at 4.4%.

PETALING JAYA: Gross domestic product (GDP) growth for the second quarter (2Q) is anticipated to come in slightly below the Statistics Department’s advanced estimates of 4.5%, mainly dragged by challenges on the exports front.

According to economists surveyed, domestic demand is poised to hold up with some government support and the recent overnight policy rate (OPR) cut amidst the more difficult external environment with uncertainties to international trade flows.