Malaysia Sees 2022 Economic Growth Exceeding Expectations

Malaysia’s Finance Minister Zafrul Aziz is confident the economy will expand faster than expected in the current year, supported by strong private consumption amid risks from a global slowdown.

The economy, which expanded 8.9% in the second quarter, will likely see the momentum continue in the third quarter, he said at a Standard Chartered Bloomberg Live forum in Singapore. The central bank estimated full-year growth to be at the upper end of its 5.3%-6.3% forecast.