Malaysia's Economy Surpasses Expectations, but Inflation Risks Loom

Malaysia: Malaysia's economy expanded faster than predicted in the first quarter of 2024, aided by higher household spending and a comeback in exports, though some analysts believe the recovery will be short-lived as pricing pressures rise.

Gross domestic product increased 4.2% year on year in January-March, according to the central bank and government statistics released on May 17th, exceeding a Reuters poll and government advance expectations of 3.9% growth. Annual growth in the fourth quarter of 2023 has been reduced down to 2.9%. 

Source: Reuters