Malaysia’s growth outlook brightens on stronger domestic demand, trade; rising job vacancies add to economic resilience

MALAYSIA’s economic momentum is expected to remain resilient in the near term, supported by stronger-than-expected second-quarter growth, robust external trade and improving labour demand.

Growth momentum would be sustained in the near term as the Leading Index (LI) rose faster at +1.3% year-on-year (yoy), underpinned by higher real imports of basic precious and non-ferrous metals and stable growth in real imports of semiconductors, largely in line with the resilient exports and production in the E&E sector.

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