Yeah Kim Leng

Director, Economic Studies Programme, Jeffrey Cheah Institute, Sunway University

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Malaysia's economy grows 5.3% in third quarter, beating forecasts

Says Malaysia on track to exceed the official 4.8-5.3% full-year growth forecast

Malaysia's economy grew 5.3% in the third quarter, beating the 5.1% median forecast in a Bloomberg survey of economists. The advance estimate from the Department of Statistics, released October 16, shows manufacturing accelerating to 7.5% on global demand for AI chips; mining was the only major sector to contract.

Updated Yesterday