Malaysia Revises Q2 GDP Growth to 6% as AI Exports Offset War Headwinds
Updated
Updated · Bloomberg · Aug 14
Malaysia Revises Q2 GDP Growth to 6% as AI Exports Offset War Headwinds
3 articles · Updated · Bloomberg · Aug 14
Summary
Malaysia’s central bank and statistics department lifted second-quarter GDP growth to 6% year on year, above the 5.8% advance estimate and matching a stronger final read.
AI-linked exports drove the upgrade, while steady domestic demand helped cushion the economy against disruptions from the Middle East war.
The revised figure also beat the 5.8% median forecast in a Bloomberg survey, reinforcing the central bank’s more upbeat view of the economy.
Bursa Malaysia’s FBM KLCI still fell 7.32 points to 1,727.39, suggesting investors were looking past the backward-looking GDP data toward earnings and durability of growth.