Malaysia’s GDP rose 4.4% in the third quarter of 2018, mainly because of an increase in personal and corporate spending. The Malaysian economy grew by a robust 6.3% during the first half of 2018 compared to the same period last year, according to official data. Additionally, full-year GDP growth was forecast to be 4.8% this year and 4.9% next year.
Malaysia’s GDP rose 4.4% in the third quarter of 2018, mainly because of an increase in personal and corporate spending. Data from Bank Negara Malaysia and the Department of Statistics showed a 1.3% fall in agriculture, mining and quarrying, offsetting a 6.2% rise in the rest of the economy, with household spending rising 9% and private investment up 6.9% due to purchases of machinery and equipment. Additionally, full-year GDP growth was forecast to be 4.8% this year and 4.9% next year.