Malaysia's economy grows 5.9% in 2Q

Quick Summary:

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

According to Bank Negara, the country's headline and core inflation edged higher to 1.9%, for an average of 1.8% in 1H24.

Most supply-side sectors registered higher growth, including the manufacturing sector, which was supported by broad-based improvement across all clusters, particularly in electrical and electronics (E&E).

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Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: /Business/Business News Inflation Export GDP Trade Investment Economy Bank Negara

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-16 @ 12:08:00 (4 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 473 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 23 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 22094060

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About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 49 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 26 minutes ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

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