Economy grows 8.9% in 2nd quarter of 2022

 

Bank Negara Malaysia says economic growth was ‘particularly robust’ in April and May, thanks to strengthened domestic demand, the steady recovery in labour market conditions, and policy support. (Pexels pic)

PETALING JAYA: Malaysia’s economy has grown by 8.9% in the second quarter of 2022, following its 5% growth in the first quarter of the year, says Bank Negara Malaysia (BNM).

The central bank said economic growth was “particularly robust” in April and May, thanks to strengthened domestic demand, the steady recovery in labour market conditions, and policy support.

“The higher growth was also reflective of normalising economic activity as the country moved towards endemicity and reopened international borders,” it said.

MORE TO COME - FMT