Malaysia's economic growth gained speed and exceeded expectations in the third quarter with strong upward contributions from domestic consumption and investment, while exports acted as a drag.
Gross domestic product expanded 3.3 percent after rising 2.9 percent in the second quarter, the Bank Negara Malaysia reported Friday. GDP was forecast to climb 3.0 percent.
On a quarter-on-quarter basis, economic growth strengthened to 2.6 percent from 1.5 percent in the preceding period.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.