Malaysia Revises Up GDP Growth, Says Key Rate Appropriate

Malaysia’s economy grew faster than initially estimated in the first quarter despite a sharp slowdown in March, supported by resilient household spending and the artificial-intelligence boom.

Gross domestic product rose 5.4% from the year before, according to Bank Negara Malaysia and the Department of Statistics Malaysia on Friday, beating an advance estimate of 5.3% released last month. The median forecast of economists was for no revision.