Malaysia’s economic growth likely accelerated in the second quarter, supported by strong exports and resilient domestic demand, according to a Reuters poll. Gross domestic product was expected to have grown 5.8% year-on-year in the April-June quarter, up from 5.4% in the first quarter.
Export Growth
Malaysia’s exports rose 45.4% in June, their fastest growth since August 2022, while the country recorded a trade surplus of 14.9 billion ringgit ($3.65 billion). The economy has emerged as Southeast Asia’s fastest-growing data centre market.
Strong demand for semiconductors, data-processing equipment, and rapid growth in data centre capacity, particularly by U.S. and European technology firms looking to diversify manufacturing away from China, have contributed to the growth.
Original reporting: Appleton, WI News Feed (HLL/CB) — read the source article.
