Malaysia Expects to Sustain Momentum After 6.3% GDP Surprise

Malaysia’s economic performance surpassed all estimates in the fourth quarter, solidifying its status as one of Southeast Asia’s most resilient growth engines as officials see room for continued expansion this year.

Gross domestic product grew 6.3% in the October-December period from a year ago, driven mainly by strong domestic demand, according to Bank Negara Malaysia and the Department of Statistics Malaysia. That’s faster than the 5.7% advance estimate and exceeds the highest forecast in a Bloomberg survey.