- Malaysia’s GDP seen expanding 11.7% in Q3
- Q3 GDP data due at 0400 GMT, Nov. 11
BENGALURU, Nov 9 (Reuters) – Malaysia’s economy grew in double digits for the first time in over a year in the third quarter, boosted by strong domestic consumption and robust exports, according to a Reuters poll, but the outlook ahead was clouded by risks of a global slowdown.
In September, Malaysia posted a trade surplus of $6.7 billion, the largest in over two decades as exports saw strong double-digit growth of 30.1%, led by higher shipments of electronics, oil and gas products amid high prices.
The Nov. 1-8 poll of 22 economists predicted the economy expanded 11.7% in the July-September quarter compared with the same period a year earlier. In the previous quarter, the economic grew 8.9%.
“A low statistical base from the third quarter of 2021, when the economy was in lockdown, will contribute towards an elevated year-on-year GDP growth reading for Q3…
